Transcontinental Realty Investors, Inc. (NYSE:TCI) Short Interest Up 15.6% in January

Transcontinental Realty Investors, Inc. (NYSE:TCI) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 11,100 shares, a growth of 15.6% from the January 15th total of 9,600 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is presently 2.9 days. Currently, 0.9% of the shares of the stock are sold short.

Insider Activity at Transcontinental Realty Investors

In other Transcontinental Realty Investors news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average cost of $18.00 per share, with a total value of $390,204.00. Following the completion of the acquisition, the insider now directly owns 3,403,248 shares of the company’s stock, valued at $61,258,464. This represents a 0.64 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 86.20% of the stock is currently owned by company insiders.

Institutional Trading of Transcontinental Realty Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Transcontinental Realty Investors by 99.6% during the 4th quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 2,319 shares during the last quarter. TCW Group Inc. raised its holdings in Transcontinental Realty Investors by 5.3% during the 4th quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust’s stock worth $2,146,000 after purchasing an additional 3,618 shares during the last quarter. Barclays PLC raised its holdings in Transcontinental Realty Investors by 261.9% during the 3rd quarter. Barclays PLC now owns 1,625 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,176 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in 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.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Transcontinental Realty Investors in a report on Monday. They issued a “sell” rating for the company.

Transcontinental Realty Investors Stock Performance

NYSE:TCI traded down $0.34 on Monday, hitting $26.58. 672 shares of the stock were exchanged, compared to its average volume of 2,949. The stock has a market capitalization of $229.62 million, a price-to-earnings ratio of 71.83 and a beta of 0.52. Transcontinental Realty Investors has a 52 week low of $25.50 and a 52 week high of $41.34. The company’s 50-day moving average price is $28.20 and its 200 day moving average price is $28.43.

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.