Equities researchers at StockNews.com initiated coverage on shares of Transcontinental Realty Investors (NYSE:TCI – Get Free Report) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the real estate investment trust’s stock.
Transcontinental Realty Investors Stock Performance
Transcontinental Realty Investors stock opened at $28.88 on Friday. The company has a 50-day simple moving average of $28.08 and a 200-day simple moving average of $28.69. Transcontinental Realty Investors has a one year low of $26.29 and a one year high of $43.40.
Hedge Funds Weigh In On Transcontinental Realty Investors
A number of institutional investors and hedge funds have recently bought and sold shares of TCI. TCW Group Inc. lifted its position in shares of Transcontinental Realty Investors by 0.6% during 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 acquiring an additional 382 shares during the last quarter. Barclays PLC increased its position in shares of Transcontinental Realty Investors by 261.9% in the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,176 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Transcontinental Realty Investors by 1,073.0% during the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock valued at $87,000 after acquiring an additional 2,779 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Transcontinental Realty Investors in the second quarter worth $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.
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