Transcontinental Realty Investors (NYSE:TCI) Now Covered by StockNews.com

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

Transcontinental Realty Investors Stock Down 0.3 %

NYSE:TCI opened at $27.71 on Tuesday. Transcontinental Realty Investors has a one year low of $26.79 and a one year high of $43.40. The firm’s fifty day moving average is $28.33 and its two-hundred day moving average is $28.86.

Institutional Investors Weigh In On Transcontinental Realty Investors

A hedge fund recently raised its stake in Transcontinental Realty Investors stock. Russell Investments Group Ltd. lifted its position in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) by 340.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,821 shares of the real estate investment trust’s stock after acquiring an additional 70,189 shares during the quarter. Russell Investments Group Ltd.’s holdings in Transcontinental Realty Investors were worth $3,419,000 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.