Company shares are trading at $26.42 a great deal higher than $22.79, the 50 day moving average and which is significantly above the 200 day moving average of $22.66. The 50 day moving average was up by +15.94% and the 200 day average went up by +16.61%. Trading volume for Transcontinental Realty Investo was 1,538 by the end of trading on Wednesday. Overall, volume was up 347.09% over the stocks normal daily volume.
Short traders are more bearish on Transcontinental Realty Investo of late considering the increase in short interest. The stock experienced a rise in short interest of 2.26% as of the latest report on August 31, 2017. Short shares grew from 58,503 to 59,828 over that timeframe. With short interest at 59,828 and short average daily volume at 1,727, days to cover is 35.0 and the short interest percentage is 0.01% as of August 31.
The following firms have recently changed their position in TCI. As of quarter end Blackrock Inc. had acquired 401 shares growing its stake by 149.1%. The value of the company’s investment in Transcontinental Realty Investo increased from $5,000 to $18,000 increasing 260.0% for the reporting period. Ladenburg Thalmann Financial Services Inc. downsized its stake by shedding 31 shares a decrease of 8.3% from 03/31/2017 to 06/30/2017. Ladenburg Thalmann Financial Services Inc. owns 344 shares with a value of $9,000. The total value of its holdings increased 28.6%.
As of the end of the quarter Morgan Stanley had sold a total of 242 shares trimming its position 49.4%. The value of the total investment in Transcontinental Realty Investo went from $9,000 to $7,000 a change of 22.2% since the last quarter. As of quarter end Citigroup Inc had sold a total of 16 shares trimming its holdings by 57.1%. The value of the investment in Transcontinental Realty Investo went from $0 to $0 a change of $0 quarter to quarter.
Transcontinental Realty Investors, Inc., launched on December 20, 1991, is an externally advised and managed real estate investment company that owns a diverse portfolio of income-producing properties and land held for development. The Business’s segments are Commercial Properties, Apartments, Land and Other. The Business’s portfolio of income-producing properties includes residential apartment communities, office buildings and other commercial properties. The Company acquires land mainly in in-fill locations or suburban markets. The Business’s income-producing properties consist of approximately eight commercial properties, including five office buildings, two retail properties and an industrial warehouse, comprising in aggregate approximately 1.9 million square feet; a golf course comprising approximately 96.09 acres, and approximately 50 residential apartment communities comprising over 7,980 units, excluding apartments being developed. In addition, the Company owns approximately 3,660 acres of land held for development..