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

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

Transcontinental Realty Investors Stock Performance

NYSE TCI opened at $27.76 on Friday. The company has a market capitalization of $239.85 million, a PE ratio of 47.86 and a beta of 0.59. Transcontinental Realty Investors has a 52-week low of $26.91 and a 52-week high of $43.40. The company has a 50-day simple moving average of $28.67 and a 200 day simple moving average of $29.26.

Institutional Investors Weigh In On Transcontinental Realty Investors

A hedge fund recently bought a new stake in Transcontinental Realty Investors stock. Renaissance Technologies LLC bought a new position in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,900 shares of the real estate investment trust’s stock, valued at approximately $219,000. Renaissance Technologies LLC owned approximately 0.09% of Transcontinental Realty Investors at the end of the most recent reporting period.

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.