Transcontinental Realty Investo (NYSE:TCI) Traded 6.6% Above Its 50 Day Average


It is currently trading at $28.08 which is marginally higher than $26.34, the 50 day moving average and which is quite a bit higher than the 200 day moving average of $23.93. The 50 day moving average moved up $1.74 and the 200 day average went up $4.15 or +17.3418%. 169 shares changed hands on Tuesday. Shares saw a steep decrease in trading volume of 50.87% under the normal average daily volume.

Traders are a little more bullish of late if you look at the decrease in short interest. The company saw a fall in short interest from September 15, 2017 to September 29, 2017 of -6.98%. Short interest fell from 59,797 to 55,621 over that timeframe. Days to cover increased from 28.0 to 42.0 and the percentage of shorted shares was 0.01% on September 29.

Here are a few substantial investment firms who have updated their positions. Citigroup Inc trimmed its holdings by shedding 16 shares a decrease of 57.1% from 12/31/2015 to 06/30/2017. Citigroup Inc owns 12 shares worth $0. The total value of its holdings decreased nan%. Morgan Stanley downsized its investment by selling 242 shares a decrease of 49.4%. Morgan Stanley currently owns 248 shares valued at $7,000. The value of the position overall is down by 22.2%.

Ladenburg Thalmann Financial Services Inc. divested its ownership by selling 31 shares a decrease of 8.3% as of 06/30/2017. Ladenburg Thalmann Financial Services Inc. now holds 344 shares with a value of $9,000. The total value of its holdings increased 28.6%. As of quarter end Blackrock Inc. had bought 401 shares growing its stake by 149.1%. The value in dollars went from $5,000 to $18,000 a change of 260.0% quarter over 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..