Transcontinental Realty Investors, Inc. (NYSE:TCI) Shares Shorted: Short Interest Down 40.4% in October

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

Institutional Trading of Transcontinental Realty Investors

A hedge fund recently bought a new position in Transcontinental Realty Investors stock. Tidal Investments LLC bought a new position in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 reporting period.

Transcontinental Realty Investors Trading Down 0.0%

Transcontinental Realty Investors stock traded down $0.01 during trading hours on Tuesday, reaching $50.85. 8,040 shares of the company were exchanged, compared to its average volume of 11,059. The stock has a 50-day moving average of $43.62 and a 200 day moving average of $41.82. The firm has a market cap of $439.34 million, a price-to-earnings ratio of 54.10 and a beta of 0.55. 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 issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported ($0.13) earnings per share (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 during the quarter.

Wall Street Analysts Forecast Growth

TCI has been the topic of several research analyst reports. Wall Street Zen raised Transcontinental Realty Investors to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of Transcontinental Realty Investors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.

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.