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

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 11,100 shares, an increase 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 currently 2.9 days. Currently, 0.9% of the company's stock are sold short.

Transcontinental Realty Investors Price Performance

Shares of TCI stock traded down $0.71 during trading on Thursday, reaching $27.99. The company had a trading volume of 1,375 shares, compared to its average volume of 3,505. The firm's 50 day simple moving average is $28.17 and its two-hundred day simple moving average is $28.40. Transcontinental Realty Investors has a one year low of $25.50 and a one year high of $41.34. The company has a market capitalization of $241.83 million, a PE ratio of 75.65 and a beta of 0.52.

Analyst Ratings Changes

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

Insider Activity

In other news, major shareholder Realty Invest Transcontinental purchased 21,678 shares of Transcontinental Realty Investors stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $390,204.00. Following the acquisition, the insider now directly owns 3,403,248 shares in the company, valued at $61,258,464. This represents a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 86.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of Transcontinental Realty Investors by 99.6% in the 4th quarter. JPMorgan Chase & Co. now owns 4,648 shares of the real estate investment trust's stock valued at $139,000 after acquiring an additional 2,319 shares in the last quarter. TCW Group Inc. raised its stake in shares of Transcontinental Realty Investors by 5.3% in the 4th quarter. TCW Group Inc. now owns 71,987 shares of the real estate investment trust's stock valued at $2,146,000 after acquiring an additional 3,618 shares in the last quarter. Barclays PLC raised its stake in shares of Transcontinental Realty Investors by 261.9% in the 3rd 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 in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Transcontinental Realty Investors by 1,073.0% in the 3rd 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 in the last quarter.

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.