Transcontinental Realty Investors (NYSE:TCI) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a research note issued on Thursday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Trading Up 1.3 %

TCI opened at $28.80 on Thursday. The stock has a market capitalization of $248.83 million, a P/E ratio of 49.66 and a beta of 0.60. The stock has a 50-day moving average price of $29.34 and a 200-day moving average price of $30.51. Transcontinental Realty Investors has a 12-month low of $27.04 and a 12-month high of $43.40.

Institutional Investors Weigh In On Transcontinental Realty Investors

A hedge fund recently bought a new stake in Transcontinental Realty Investors stock. Renaissance Technologies LLC purchased a new position in Transcontinental Realty Investors, Inc. (NYSE:TCI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 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.