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

Transcontinental Realty Investors, Inc. (NYSE:TCI) was the recipient of a significant decrease in short interest during the month of 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. Based on an average daily trading volume, of 13,960 shares, the short-interest ratio is currently 1.9 days. Approximately 2.2% of the company’s stock are sold short.

Analyst Ratings Changes

Several research firms recently issued reports on TCI. Weiss Ratings cut Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Wall Street Zen raised shares of Transcontinental Realty Investors to a “sell” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Transcontinental Realty Investors currently has a consensus rating of “Sell”.

Transcontinental Realty Investors Trading Down 1.1%

NYSE TCI traded down $0.56 on Friday, hitting $49.87. 3,936 shares of the stock traded hands, compared to its average volume of 11,064. The stock has a 50-day moving average of $43.36 and a 200 day moving average of $41.82. The company has a market capitalization of $430.88 million, a P/E ratio of 53.05 and a beta of 0.55. Transcontinental Realty Investors has a twelve month low of $31.48 and a twelve month high of $59.65.

Transcontinental Realty Investors (NYSE:TCI) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported ($0.13) EPS 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 for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Transcontinental Realty Investors stock. Tidal Investments LLC bought a new position in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,747 shares of the real estate investment trust’s stock, valued at approximately $724,000. Tidal Investments LLC owned 0.18% of Transcontinental Realty Investors at the end of the most recent quarter.

Transcontinental Realty Investors Company Profile

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.