Transcontinental Realty Investors (NYSE:TCI) Coverage Initiated at StockNews.com

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

Transcontinental Realty Investors Price Performance

Shares of NYSE TCI opened at $27.80 on Wednesday. The stock’s 50-day simple moving average is $28.10 and its 200-day simple moving average is $28.74. Transcontinental Realty Investors has a fifty-two week low of $26.29 and a fifty-two week high of $43.40.

Institutional Investors Weigh In On Transcontinental Realty Investors

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its position 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 worth $87,000 after purchasing an additional 2,779 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Transcontinental Realty Investors during the 2nd quarter worth approximately $219,000. Finally, Russell Investments Group Ltd. lifted its stake in Transcontinental Realty Investors by 340.2% in the first quarter. Russell Investments Group Ltd. now owns 90,821 shares of the real estate investment trust’s stock valued at $3,419,000 after buying an additional 70,189 shares during the last quarter.

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.