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

Transcontinental Realty Investors, Inc. (NYSE:TCI) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 19,200 shares, a growth of 41.2% from the February 13th total of 13,600 shares. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is presently 4.9 days. Approximately 1.6% of the company’s stock are short sold.

Insider Buying and Selling

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

Hedge Funds Weigh In On Transcontinental Realty Investors

Several hedge funds have recently added to or reduced their stakes in TCI. TCW Group Inc. boosted its holdings in shares of Transcontinental Realty Investors by 5.3% in the fourth quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust’s stock valued at $2,146,000 after acquiring an additional 3,618 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 valued at $139,000 after acquiring an additional 2,319 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Transcontinental Realty Investors by 1,073.0% in 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. Finally, Barclays PLC boosted its holdings in shares of Transcontinental Realty Investors by 261.9% in the third quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,176 shares during the period.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Transcontinental Realty Investors in a research note on Thursday, March 13th. They issued a “sell” rating on the stock.

Transcontinental Realty Investors Stock Down 1.5 %

Shares of Transcontinental Realty Investors stock opened at $28.30 on Tuesday. The firm has a market capitalization of $244.44 million, a P/E ratio of 76.47 and a beta of 0.52. Transcontinental Realty Investors has a 52 week low of $25.50 and a 52 week high of $39.75. The firm’s 50 day moving average is $28.01 and its two-hundred day moving average is $28.29.

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.