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

Analysts at StockNews.com began coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research note issued to investors on Friday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

Transcontinental Realty Investors stock opened at $28.88 on Friday. Transcontinental Realty Investors has a one year low of $26.29 and a one year high of $43.40. The company’s fifty day moving average price is $28.08 and its two-hundred day moving average price is $28.69.

Hedge Funds Weigh In On Transcontinental Realty Investors

Several hedge funds have recently bought and sold shares of the business. Barclays PLC grew 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 valued at $47,000 after purchasing an additional 1,176 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in 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 during the period. Renaissance Technologies LLC bought a new position in Transcontinental Realty Investors during the second quarter worth about $219,000. Finally, TCW Group Inc. lifted its stake in Transcontinental Realty Investors by 0.6% during the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after purchasing an additional 382 shares during the period.

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.