Transcontinental Realty Investors (NYSE:TCI) Now Covered by Analysts at StockNews.com

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

Transcontinental Realty Investors Stock Performance

Transcontinental Realty Investors stock opened at $27.74 on Monday. Transcontinental Realty Investors has a 52 week low of $26.91 and a 52 week high of $43.40. The firm has a market capitalization of $239.67 million, a PE ratio of 47.83 and a beta of 0.59. The business’s 50-day simple moving average is $28.47 and its 200-day simple moving average is $28.99.

Hedge Funds Weigh In On Transcontinental Realty Investors

An institutional investor recently bought a new position in Transcontinental Realty Investors stock. Renaissance Technologies LLC acquired a new stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,900 shares of the real estate investment trust’s stock, valued at approximately $219,000. Renaissance Technologies LLC owned about 0.09% of Transcontinental Realty Investors as of its most recent filing with the Securities & Exchange Commission.

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.