Transcontinental Realty Investors (NYSE:TCI) Earns Sell Rating from Analysts at StockNews.com

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

Transcontinental Realty Investors Stock Performance

Shares of TCI opened at $28.43 on Thursday. The company’s fifty day moving average is $28.04 and its 200-day moving average is $28.71. Transcontinental Realty Investors has a 12 month low of $26.29 and a 12 month high of $43.40.

Institutional Trading of Transcontinental Realty Investors

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its stake in shares of Transcontinental Realty Investors by 340.2% in the 1st quarter. Russell Investments Group Ltd. now owns 90,821 shares of the real estate investment trust’s stock valued at $3,419,000 after acquiring an additional 70,189 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Transcontinental Realty Investors in the second quarter worth $219,000. BNP Paribas Financial Markets boosted its holdings in shares of Transcontinental Realty Investors by 1,073.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 2,779 shares during the period. Barclays PLC raised its holdings in Transcontinental Realty Investors by 261.9% in the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,176 shares during the period. Finally, TCW Group Inc. lifted its position in Transcontinental Realty Investors by 0.6% during the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after acquiring an additional 382 shares during the last quarter.

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.