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

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) saw 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. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is presently 4.9 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Transcontinental Realty Investors in a report on Thursday, March 13th. They set a "sell" rating on the stock.

Insiders Place Their Bets

In related news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of the company's 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 transaction, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 86.20% of the stock is currently owned by company insiders.

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Institutional Investors Weigh In On Transcontinental Realty Investors

Several hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its holdings 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 valued at $47,000 after acquiring an additional 1,176 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 1,505 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in 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 last quarter. Finally, TCW Group Inc. boosted its holdings in 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 acquiring an additional 382 shares during the last quarter.

Transcontinental Realty Investors Stock Up 1.2 %

Shares of TCI stock traded up $0.33 during mid-day trading on Thursday, hitting $28.45. 919 shares of the company's stock were exchanged, compared to its average volume of 4,006. Transcontinental Realty Investors has a fifty-two week low of $25.50 and a fifty-two week high of $39.75. The stock has a 50-day simple moving average of $28.02 and a two-hundred day simple moving average of $28.28. The stock has a market cap of $245.74 million, a price-to-earnings ratio of 76.88 and a beta of 0.52.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter. Transcontinental Realty Investors had a return on equity of 0.38% and a net margin of 6.55%.

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.