Transcontinental Realty Investors, Inc. (NYSE:TCI) Short Interest Up 106.7% in August

Transcontinental Realty Investors, Inc. (NYSE:TCI) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 31,904 shares, a growth of 106.7% from the August 15th total of 15,434 shares. Based on an average trading volume of 115,970 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.6% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Transcontinental Realty Investors Trading Up 2.6%

TCI stock traded up $1.00 on Monday, hitting $40.10. The company’s stock had a trading volume of 10,148 shares, compared to its average volume of 19,293. The firm has a 50 day moving average of $40.36 and a two-hundred day moving average of $38.76. Transcontinental Realty Investors has a 1 year low of $31.48 and a 1 year high of $59.65. The stock has a market cap of $351.68 million, a price-to-earnings ratio of 42.66 and a beta of 0.49.

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

Insider Buying and Selling

In related news, major shareholder Realty Invest Transcontinental purchased 1,500 shares of Transcontinental Realty Investors stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of $17.75 per share, with a total value of $26,625.00. Following the completion of the transaction, the insider directly owned 3,460,847 shares in the company, valued at approximately $61,430,034.25. The trade was a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have acquired 4,805 shares of company stock worth $85,509. 86.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in TCI. Geode Capital Management LLC increased its position in Transcontinental Realty Investors by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 36,478 shares of the real estate investment trust’s stock valued at $2,139,000 after acquiring an additional 619 shares during the period. State Street Corp lifted its position in Transcontinental Realty Investors by 1.6% during the 4th quarter. State Street Corp now owns 22,703 shares of the real estate investment trust’s stock worth $1,331,000 after acquiring an additional 352 shares during the period. Tidal Investments LLC acquired a new stake in Transcontinental Realty Investors during the 2nd quarter worth approximately $724,000. Russell Investments Group Ltd. grew its stake in shares of Transcontinental Realty Investors by 9.6% in the 4th quarter. Russell Investments Group Ltd. now owns 14,292 shares of the real estate investment trust’s stock valued at $838,000 after purchasing an additional 1,254 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Transcontinental Realty Investors in the 3rd quarter valued at approximately $228,000.

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.