Transcontinental Realty Investors, Inc. (NYSE:TCI) Sees Large Decrease in Short Interest

Transcontinental Realty Investors, Inc. (NYSE:TCI - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 8,200 shares, a drop of 35.4% from the April 30th total of 12,700 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is currently 3.2 days.

Insiders Place Their Bets

In other news, major shareholder Realty Invest Transcontinental bought 1,500 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $17.62 per share, with a total value of $26,430.00. Following the purchase, the insider now owns 3,404,748 shares of the company's stock, valued at $59,991,659.76. This trade represents a 0.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have purchased 20,659 shares of company stock worth $362,765. Corporate insiders own 86.20% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Transcontinental Realty Investors stock. JPMorgan Chase & Co. increased its holdings in shares of Transcontinental Realty Investors, Inc. (NYSE:TCI - Free Report) by 182.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,329 shares of the real estate investment trust's stock after purchasing an additional 1,505 shares during the quarter. JPMorgan Chase & Co.'s holdings in Transcontinental Realty Investors were worth $67,000 as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on shares of Transcontinental Realty Investors in a research note on Friday, May 16th. They issued a "sell" rating for the company.

Transcontinental Realty Investors Trading Down 1.3%

Shares of NYSE TCI traded down $0.50 on Monday, reaching $38.83. 1,692 shares of the company traded hands, compared to its average volume of 3,331. Transcontinental Realty Investors has a fifty-two week low of $25.50 and a fifty-two week high of $40.15. The company has a 50 day moving average of $30.63 and a 200 day moving average of $29.17. The stock has a market capitalization of $335.46 million, a PE ratio of 104.95 and a beta of 0.34.

Transcontinental Realty Investors (NYSE:TCI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.17 EPS for the quarter. Transcontinental Realty Investors had a net margin of 6.55% and a return on equity of 0.38%. The company had revenue of $12.01 million during the quarter.

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.