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

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

Transcontinental Realty Investors Price Performance

NYSE TCI opened at $27.61 on Friday. Transcontinental Realty Investors has a 1 year low of $26.91 and a 1 year high of $43.40. The company has a market capitalization of $238.55 million, a PE ratio of 47.60 and a beta of 0.59. The company has a fifty day moving average of $29.08 and a 200 day moving average of $30.09.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Transcontinental Realty Investors stock. Renaissance Technologies LLC bought a new stake in Transcontinental Realty Investors, Inc. (NYSE:TCI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,900 shares of the real estate investment trust’s stock, valued at approximately $219,000. Renaissance Technologies LLC owned 0.09% of Transcontinental Realty Investors as of its most recent SEC filing.

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.