Transcontinental Realty Investors (NYSE:TCI) Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Transcontinental Realty Investors (NYSE:TCIFree Report) from a hold rating to a sell rating in a report published on Monday morning.

Transcontinental Realty Investors Stock Down 1.4 %

Shares of Transcontinental Realty Investors stock opened at $36.71 on Monday. The company has a fifty day moving average of $39.09 and a 200-day moving average of $34.09. Transcontinental Realty Investors has a 52-week low of $27.23 and a 52-week high of $45.75.

Hedge Funds Weigh In On Transcontinental Realty Investors

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of Transcontinental Realty Investors by 224.3% in the second quarter. Royal Bank of Canada now owns 720 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 498 shares during the last quarter. Wells Fargo & Company MN boosted its position in Transcontinental Realty Investors by 160.7% during the 2nd quarter. Wells Fargo & Company MN now owns 717 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 442 shares during the period. JPMorgan Chase & Co. grew its holdings in Transcontinental Realty Investors by 1,822.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 673 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 638 shares during the last quarter. Barclays PLC increased its position in shares of Transcontinental Realty Investors by 96.8% in the first quarter. Barclays PLC now owns 667 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 328 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Transcontinental Realty Investors by 104.3% in the third quarter. Tower Research Capital LLC TRC now owns 756 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 386 shares during the last quarter.

About Transcontinental Realty Investors

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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.

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