Transcontinental Realty Investors (NYSE:TCI) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research report report published on Saturday. The brokerage issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Stock Performance

Shares of Transcontinental Realty Investors stock opened at $29.73 on Friday. Transcontinental Realty Investors has a one year low of $27.04 and a one year high of $43.40. The stock’s fifty day moving average is $29.33 and its 200 day moving average is $32.35. The stock has a market cap of $256.87 million, a P/E ratio of 51.26 and a beta of 0.57.

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of institutional investors and hedge funds have recently bought and sold shares of TCI. Russell Investments Group Ltd. bought a new stake in Transcontinental Realty Investors during the fourth quarter valued at about $713,000. TCW Group Inc. raised its holdings in Transcontinental Realty Investors by 1.5% during the fourth quarter. TCW Group Inc. now owns 67,987 shares of the real estate investment trust’s stock valued at $2,350,000 after acquiring an additional 1,002 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Transcontinental Realty Investors during the second quarter valued at about $219,000.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc, a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate.