Transcontinental Realty Investors, Inc. (NYSE:TCI) Sees Significant Increase in Short Interest

Transcontinental Realty Investors, Inc. (NYSE:TCI) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 11,100 shares, a growth of 15.6% from the January 15th total of 9,600 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 3,800 shares, the short-interest ratio is presently 2.9 days.

Insider Transactions at Transcontinental Realty Investors

In related news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $390,204.00. Following the completion of the purchase, the insider now owns 3,403,248 shares of the company’s stock, valued at approximately $61,258,464. This represents a 0.64 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 86.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCI. Barclays PLC raised its position in shares of Transcontinental Realty Investors by 261.9% in the third 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. BNP Paribas Financial Markets raised its position in shares of Transcontinental Realty Investors by 1,073.0% in the third quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 2,779 shares during the period. JPMorgan Chase & Co. raised its position in shares of Transcontinental Realty Investors by 182.6% in the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,505 shares during the period. Finally, TCW Group Inc. raised its position in shares of Transcontinental Realty Investors by 0.6% in the third 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 period.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Transcontinental Realty Investors in a research report on Monday. They set a “sell” rating for the company.

Transcontinental Realty Investors Stock Performance

NYSE TCI traded down $0.34 on Monday, reaching $26.58. 672 shares of the company’s stock traded hands, compared to its average volume of 2,949. The firm has a market cap of $229.62 million, a price-to-earnings ratio of 71.83 and a beta of 0.52. The stock has a 50 day moving average price of $28.20 and a 200-day moving average price of $28.43. Transcontinental Realty Investors has a fifty-two week low of $25.50 and a fifty-two week high of $41.34.

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.