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

Transcontinental Realty Investors, Inc. (NYSE:TCI) was the target of a significant growth in short interest in 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 days-to-cover ratio is currently 4.9 days. Currently, 1.6% of the company’s shares are sold short.

Insider Activity

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

Hedge Funds Weigh In On Transcontinental Realty Investors

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its stake in 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 worth $47,000 after acquiring an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Transcontinental Realty Investors by 182.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,329 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Transcontinental Realty Investors by 1,073.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,038 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,779 shares during the last quarter. Finally, TCW Group Inc. grew its stake in shares of Transcontinental Realty Investors by 0.6% during the third quarter. TCW Group Inc. now owns 68,369 shares of the real estate investment trust’s stock worth $1,968,000 after purchasing an additional 382 shares in the last quarter.

Transcontinental Realty Investors Stock Up 0.7 %

NYSE TCI traded up $0.21 during trading hours on Friday, hitting $28.63. 852 shares of the company were exchanged, compared to its average volume of 4,077. The firm has a market cap of $247.33 million, a price-to-earnings ratio of 77.38 and a beta of 0.52. The company has a 50 day moving average of $28.03 and a two-hundred day moving average of $28.32. Transcontinental Realty Investors has a 52-week low of $25.50 and a 52-week high of $39.75.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Transcontinental Realty Investors in a research note on Thursday. They issued a “sell” rating for the company.

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.