Transcontinental Realty Investors, Inc. (NYSE:TCI) Sees Large Growth in Short Interest

Transcontinental Realty Investors, Inc. (NYSE:TCI) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 31,904 shares, an increase of 106.7% from the August 15th total of 15,434 shares. Based on an average daily trading volume, of 115,970 shares, the short-interest ratio is currently 0.3 days. Currently, 2.6% of the shares of the company are sold short.

Insiders Place Their Bets

In related news, major shareholder Realty Invest Transcontinental acquired 1,500 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $26,625.00. Following the completion of the transaction, the insider directly owned 3,460,847 shares of the company’s stock, valued at approximately $61,430,034.25. The trade was a 0.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have bought 3,152 shares of company stock valued at $56,152. 86.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Transcontinental Realty Investors stock. Tidal Investments LLC bought a new stake in Transcontinental Realty Investors, Inc. (NYSE:TCI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 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 filing with the SEC.

Wall Street Analyst Weigh In

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

Transcontinental Realty Investors Stock Performance

Shares of TCI stock traded up $0.24 during trading on Tuesday, hitting $39.60. The company had a trading volume of 24,835 shares, compared to its average volume of 79,096. The firm has a market capitalization of $347.29 million, a P/E ratio of 42.13 and a beta of 0.49. The stock’s 50-day moving average price is $40.07 and its 200 day moving average price is $38.77. Transcontinental Realty Investors has a one year low of $31.48 and a one year high of $59.65.

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

Transcontinental Realty Investors Company Profile

Transcontinental Realty Investors, Inc is a real estate investment company that owns and operates income-producing properties. Its portfolio has historically included multifamily residential communities, office buildings, shopping centers and other commercial real estate.

The company’s activities generally include acquiring, developing, managing and repositioning properties to generate rental and operating income. Its real estate interests have been concentrated primarily in the United States, with a particular historical presence in Texas and other selected markets.

Transcontinental Realty Investors has operated as a real estate investment trust and is based in Dallas, Texas.