Wipfli Financial Advisors LLC Purchases Shares of 2,292 Tejon Ranch Co. (NYSE:TRC)

Wipfli Financial Advisors LLC purchased a new stake in Tejon Ranch Co. (NYSE:TRCGet Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,292 shares of the real estate development and agribusiness company’s stock, valued at approximately $33,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Swiss National Bank increased its holdings in shares of Tejon Ranch by 7.3% during the first quarter. Swiss National Bank now owns 49,880 shares of the real estate development and agribusiness company’s stock valued at $911,000 after acquiring an additional 3,400 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Tejon Ranch by 57.0% during the first quarter. MetLife Investment Management LLC now owns 11,714 shares of the real estate development and agribusiness company’s stock valued at $214,000 after acquiring an additional 4,253 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of Tejon Ranch by 3.6% during the first quarter. Cibc World Market Inc. now owns 130,300 shares of the real estate development and agribusiness company’s stock valued at $2,379,000 after acquiring an additional 4,475 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Tejon Ranch by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,395,962 shares of the real estate development and agribusiness company’s stock valued at $25,490,000 after acquiring an additional 10,566 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Tejon Ranch by 7.3% during the first quarter. Gamco Investors INC. ET AL now owns 601,823 shares of the real estate development and agribusiness company’s stock valued at $10,989,000 after acquiring an additional 41,118 shares in the last quarter. 60.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRC has been the subject of several recent research reports. TheStreet upgraded Tejon Ranch from a “c” rating to a “b+” rating in a report on Monday, November 28th. StockNews.com upgraded Tejon Ranch from a “sell” rating to a “hold” rating in a report on Friday, January 13th.

Tejon Ranch Trading Down 2.9 %

Shares of Tejon Ranch stock opened at $19.69 on Thursday. The stock has a fifty day simple moving average of $19.01 and a 200 day simple moving average of $16.95. Tejon Ranch Co. has a 12-month low of $14.31 and a 12-month high of $20.60. The company has a market capitalization of $521.79 million, a P/E ratio of 30.77 and a beta of 0.67. The company has a current ratio of 5.72, a quick ratio of 5.30 and a debt-to-equity ratio of 0.10.

Tejon Ranch (NYSE:TRCGet Rating) last announced its quarterly earnings results on Monday, November 7th. The real estate development and agribusiness company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.22. Tejon Ranch had a return on equity of 3.70% and a net margin of 23.00%. The business had revenue of $31.48 million during the quarter, compared to the consensus estimate of $22.54 million. On average, sell-side analysts anticipate that Tejon Ranch Co. will post 0.54 earnings per share for the current fiscal year.

Tejon Ranch Company Profile

(Get Rating)

Tejon Ranch Co, together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.

Featured Articles

Want to see what other hedge funds are holding TRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tejon Ranch Co. (NYSE:TRCGet Rating).

Institutional Ownership by Quarter for Tejon Ranch (NYSE:TRC)

Receive News & Ratings for Tejon Ranch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tejon Ranch and related companies with MarketBeat.com's FREE daily email newsletter.