Transcontinental Realty Investors, Inc. (NYSE:TCI) Short Interest Up 41.2% in February

Transcontinental Realty Investors, Inc. (NYSE:TCI) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 19,200 shares, an increase of 41.2% from the February 13th total of 13,600 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average trading volume of 3,900 shares, the days-to-cover ratio is currently 4.9 days.

Insider Buying and Selling at Transcontinental Realty Investors

In other news, major shareholder Realty Invest Transcontinental bought 21,678 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $18.00 per share, with a total value of $390,204.00. Following the transaction, the insider now directly owns 3,403,248 shares in the company, valued at approximately $61,258,464. This trade represents a 0.64 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 86.20% of the company’s stock.

Institutional Investors Weigh In On Transcontinental Realty Investors

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Transcontinental Realty Investors by 99.6% in the fourth quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 2,319 shares during the last quarter. TCW Group Inc. raised its holdings in Transcontinental Realty Investors by 5.3% in the 4th quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust’s stock worth $2,146,000 after acquiring an additional 3,618 shares during the period. Barclays PLC lifted its position in Transcontinental Realty Investors by 261.9% during the 3rd 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 last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Transcontinental Realty Investors by 1,073.0% during the third 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 during the period.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Transcontinental Realty Investors in a report on Thursday. They issued a “sell” rating on the stock.

Transcontinental Realty Investors Price Performance

Shares of TCI stock traded down $0.44 on Monday, hitting $28.30. The company’s stock had a trading volume of 967 shares, compared to its average volume of 4,065. The stock has a market capitalization of $244.44 million, a price-to-earnings ratio of 76.47 and a beta of 0.52. Transcontinental Realty Investors has a fifty-two week low of $25.50 and a fifty-two week high of $39.75. The firm’s fifty day moving average price is $28.03 and its 200-day moving average price is $28.31.

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.