Transcontinental Realty Investors, Inc. (NYSE:TCI) Short Interest Up 106.7% in August

Key Points

• Short interest more than doubled in August, rising 106.7% to 31,904 shares as of August 31. About 2.6% of TCI’s shares were sold short, equivalent to 0.3 days of average trading volume.
• TCI shares traded at approximately $40.10, with a market capitalization of $351.68 million. The company reported a quarterly loss of $0.13 per share on $12.87 million in revenue.
• Analyst sentiment remains negative: Weiss Ratings downgraded TCI to “sell,” Wall Street Zen also rated it “sell,” and the consensus rating is Sell. Insiders own a substantial 86.2% of the company and have made recent purchases.

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 31,904 shares, a growth of 106.7% from the August 15th total of 15,434 shares. Based on an average daily trading volume, of 115,970 shares, the short-interest ratio is presently 0.3 days. Approximately 2.6% of the company's stock are sold short.

Transcontinental Realty Investors Price Performance

Shares of TCI traded up $1.00 during midday trading on Monday, reaching $40.10. The stock had a trading volume of 10,148 shares, compared to its average volume of 19,293. The company has a market cap of $351.68 million, a price-to-earnings ratio of 42.66 and a beta of 0.49. The company's fifty day simple moving average is $40.36 and its two-hundred day simple moving average is $38.76. Transcontinental Realty Investors has a 1-year low of $31.48 and a 1-year high of $59.65.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported ($0.13) EPS for the quarter. The firm had revenue of $12.87 million for the quarter. Transcontinental Realty Investors had a negative return on equity of 0.17% and a net margin of 16.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Weiss Ratings lowered Transcontinental Realty Investors from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 26th. Wall Street Zen raised Transcontinental Realty Investors to a "sell" rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Transcontinental Realty Investors currently has a consensus rating of "Sell".

Insider Activity at Transcontinental Realty Investors

In related news, major shareholder Realty Invest Transcontinental acquired 1,653 shares of the business's stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of $17.76 per share, with a total value of $29,357.28. Following the completion of the transaction, the insider owned 3,458,996 shares of the company's stock, valued at $61,431,768.96. The trade was a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 4,805 shares of company stock valued at $85,509 in the last three months. Insiders own 86.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Tidal Investments LLC acquired a new stake in shares of Transcontinental Realty Investors during the 2nd quarter worth about $724,000. Russell Investments Group Ltd. boosted its holdings in Transcontinental Realty Investors by 1,664.3% in the third quarter. Russell Investments Group Ltd. now owns 13,038 shares of the real estate investment trust's stock valued at $601,000 after purchasing an additional 12,299 shares in the last quarter. Geode Capital Management LLC increased its stake in Transcontinental Realty Investors by 33.1% in the second quarter. Geode Capital Management LLC now owns 35,728 shares of the real estate investment trust's stock valued at $1,523,000 after purchasing an additional 8,883 shares during the last quarter. Citadel Advisors LLC purchased a new position in Transcontinental Realty Investors in the third quarter valued at approximately $228,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Transcontinental Realty Investors during the fourth quarter worth approximately $270,000.

About Transcontinental Realty Investors

Transcontinental Realty Investors, Inc is a real estate investment company that owns and operates income-producing properties. Its portfolio has historically included multifamily residential communities, office buildings, shopping centers and other commercial real estate.

The company's activities generally include acquiring, developing, managing and repositioning properties to generate rental and operating income. Its real estate interests have been concentrated primarily in the United States, with a particular historical presence in Texas and other selected markets.

Transcontinental Realty Investors has operated as a real estate investment trust and is based in Dallas, Texas.

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