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 increase in short interest in the month of 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. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 4.9 days. Approximately 1.6% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Transcontinental Realty Investors in a report on Thursday, March 13th. They issued a “sell” rating for the company.

Insider Buying and Selling

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental bought 21,678 shares of Transcontinental Realty Investors stock in a transaction on Wednesday, January 29th. The stock was bought at an average price of $18.00 per share, with a total value of $390,204.00. Following the completion of the acquisition, the insider now owns 3,403,248 shares in the company, valued at $61,258,464. The trade was a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 86.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TCI. Barclays PLC increased its position 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 buying an additional 1,176 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Transcontinental Realty Investors by 182.6% in the third quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,505 shares in the last quarter. BNP Paribas Financial Markets increased its position 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 buying an additional 2,779 shares in the last quarter. Finally, TCW Group Inc. increased its position in shares of Transcontinental Realty Investors by 0.6% in the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock valued at $1,968,000 after buying an additional 382 shares in the last quarter.

Transcontinental Realty Investors Stock Performance

Transcontinental Realty Investors stock opened at $28.30 on Tuesday. Transcontinental Realty Investors has a one year low of $25.50 and a one year high of $39.75. The business has a fifty day moving average of $28.01 and a two-hundred day moving average of $28.29. The company has a market cap of $244.44 million, a P/E ratio of 76.47 and a beta of 0.52.

About Transcontinental Realty Investors

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.