Transcontinental Realty Investors, Inc. (NYSE:TCI) Short Interest Update

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

Wall Street Analysts Forecast Growth

TCI has been the topic of several recent research reports. 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. Wall Street Zen raised shares of Transcontinental Realty Investors to a “sell” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Transcontinental Realty Investors Stock Performance

Shares of NYSE TCI traded up $0.17 during midday trading on Wednesday, reaching $40.00. 861 shares of the company traded hands, compared to its average volume of 19,240. The firm has a market cap of $350.96 million, a PE ratio of 42.55 and a beta of 0.49. The stock’s 50-day simple moving average is $40.07 and its 200-day simple moving average is $38.77. 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 posted its earnings results on Thursday, August 6th. The real estate investment trust reported ($0.13) earnings per share for the quarter. The firm had revenue of $12.87 million during the quarter. Transcontinental Realty Investors had a negative return on equity of 0.17% and a net margin of 16.08%.

Insider Buying and Selling

In other news, major shareholder Realty Invest Transcontinental acquired 1,500 shares of Transcontinental Realty Investors stock in a transaction on Monday, June 22nd. The stock was bought at an average price of $17.75 per share, for a total transaction of $26,625.00. Following the transaction, the insider owned 3,460,847 shares of the company’s stock, valued at $61,430,034.25. The trade was a 0.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders purchased 3,152 shares of company stock valued at $56,152. Corporate insiders own 86.20% of the company’s stock.

Institutional Trading of Transcontinental Realty Investors

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

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.