StockNews.com Initiates Coverage on Transcontinental Realty Investors (NYSE:TCI)

StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research report released on Friday. The firm issued a sell rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

Shares of NYSE:TCI opened at $28.76 on Friday. The stock has a market capitalization of $248.44 million, a P/E ratio of 77.72 and a beta of 0.55. The business has a 50-day moving average of $28.68 and a two-hundred day moving average of $28.79. Transcontinental Realty Investors has a fifty-two week low of $26.29 and a fifty-two week high of $43.40.

Transcontinental Realty Investors (NYSE:TCI) last posted its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $11.61 million for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of Transcontinental Realty Investors by 261.9% during the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. raised its position in Transcontinental Realty Investors by 182.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Transcontinental Realty Investors by 1,073.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 2,779 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Transcontinental Realty Investors during the second quarter valued at approximately $219,000. Finally, TCW Group Inc. increased its stake in shares of Transcontinental Realty Investors by 0.6% in the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock valued at $1,968,000 after buying an additional 382 shares during the period.

Transcontinental Realty Investors Company Profile

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.