Transcontinental Realty Investors (NYSE:TCI) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Transcontinental Realty Investors (NYSE:TCI) in a report issued on Monday. The firm set a “sell” rating on the real estate investment trust’s stock.

Transcontinental Realty Investors Price Performance

Shares of NYSE:TCI opened at $27.50 on Monday. The business’s 50 day moving average price is $28.57 and its 200-day moving average price is $29.09. Transcontinental Realty Investors has a 1 year low of $26.91 and a 1 year high of $43.40. The firm has a market capitalization of $237.60 million, a price-to-earnings ratio of 47.41 and a beta of 0.59.

Hedge Funds Weigh In On Transcontinental Realty Investors

A hedge fund recently raised its stake in Transcontinental Realty Investors stock. Russell Investments Group Ltd. increased its stake in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) by 340.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,821 shares of the real estate investment trust’s stock after purchasing an additional 70,189 shares during the period. Russell Investments Group Ltd.’s holdings in Transcontinental Realty Investors were worth $3,419,000 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.