Transcontinental Realty Investors, Inc. (NYSE:TCI) Short Interest Up 15.6% in January

Transcontinental Realty Investors, Inc. (NYSE:TCI) saw a large 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. Approximately 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is presently 2.9 days.

Insider Transactions at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental acquired 21,678 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 3,403,248 shares of the company’s stock, valued at $61,258,464. This trade represents a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 86.20% of the company’s stock.

Institutional Investors Weigh In On Transcontinental Realty Investors

Institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its stake in Transcontinental Realty Investors by 261.9% in the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Transcontinental Realty Investors by 182.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 1,505 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Transcontinental Realty Investors by 1,073.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock valued at $87,000 after acquiring an additional 2,779 shares in the last quarter. Finally, TCW Group Inc. lifted its stake in Transcontinental Realty Investors by 0.6% in the 3rd quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock valued at $1,968,000 after acquiring an additional 382 shares in the last quarter.

Transcontinental Realty Investors Stock Down 1.3 %

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Transcontinental Realty Investors in a research report on Monday. They issued a “sell” rating for the company.

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.