Transcontinental Realty Investors, Inc. (NYSE:TCI) Stock Short Interest Report for October

Transcontinental Realty Investors, Inc. (NYSE:TCI) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 25,979 shares, a decrease of 40.4% from the September 30th total of 43,562 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average trading volume of 13,960 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TCI shares. Wall Street Zen upgraded shares of Transcontinental Realty Investors to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings cut shares of Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Transcontinental Realty Investors

A hedge fund recently bought a new stake in Transcontinental Realty Investors stock. Tidal Investments LLC purchased a new stake in Transcontinental Realty Investors, Inc. (NYSE:TCI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,747 shares of the real estate investment trust’s stock, valued at approximately $724,000. Tidal Investments LLC owned approximately 0.18% of Transcontinental Realty Investors as of its most recent SEC filing.

Transcontinental Realty Investors Trading Up 1.8%

Shares of NYSE:TCI traded up $0.92 during trading on Monday, hitting $50.85. 8,040 shares of the stock were exchanged, compared to its average volume of 18,357. The company has a fifty day moving average price of $43.36 and a two-hundred day moving average price of $41.82. The company has a market cap of $439.34 million, a PE ratio of 54.10 and a beta of 0.57. Transcontinental Realty Investors has a 12-month low of $31.48 and a 12-month high of $59.65.

Transcontinental Realty Investors (NYSE:TCI) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported ($0.13) earnings per share for the quarter. Transcontinental Realty Investors had a negative return on equity of 0.17% and a net margin of 16.08%. The firm had revenue of $12.87 million during the quarter.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc (NYSE:TCI) is a real estate investment company focused on the acquisition, development, ownership and operation of income-producing properties. Its portfolio has historically included multifamily residential communities, office buildings and other commercial real estate.

The company’s properties are primarily located in the United States, with a significant presence in Texas and other markets. Its activities include managing and leasing properties, pursuing real estate development opportunities and evaluating acquisitions intended to generate recurring rental income.

Transcontinental Realty Investors has operated as a publicly traded real estate company since 1960.