Tejon Ranch (NYSE:TRC) Upgraded to “Hold” by StockNews.com

Tejon Ranch (NYSE:TRC – Get Rating) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Separately, TheStreet raised Tejon Ranch from a “c” rating to a “b+” rating in a research report on Monday, November 28th.

Tejon Ranch Stock Down 3.8 %

Shares of NYSE TRC opened at $18.97 on Tuesday. The stock has a market capitalization of $502.71 million, a P/E ratio of 29.64 and a beta of 0.69. Tejon Ranch has a one year low of $14.31 and a one year high of $20.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.72 and a quick ratio of 5.30. The firm’s 50 day simple moving average is $19.62 and its two-hundred day simple moving average is $17.86.

Institutional Trading of Tejon Ranch

A number of large investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. purchased a new stake in shares of Tejon Ranch during the 4th quarter worth $188,000. Lazard Asset Management LLC purchased a new position in shares of Tejon Ranch in the fourth quarter valued at approximately $29,000. Millennium Management LLC lifted its position in Tejon Ranch by 707.5% during the fourth quarter. Millennium Management LLC now owns 91,718 shares of the real estate development and agribusiness company’s stock worth $1,728,000 after buying an additional 80,360 shares in the last quarter. Morgan Stanley increased its stake in Tejon Ranch by 0.6% during the fourth quarter. Morgan Stanley now owns 88,204 shares of the real estate development and agribusiness company’s stock worth $1,662,000 after acquiring an additional 568 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Tejon Ranch in the fourth quarter valued at $326,000. Institutional investors own 60.65% of the company’s stock.

Tejon Ranch Company Profile

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Tejon Ranch Co engages in real estate development and agribusiness. It operates through the following segments: Real Estate-Commercial and Industrial, Real Estate-Resort and Residential, Mineral Resources, Farming, and Ranch Operations. The Real Estate-Commercial and Industrial segment’s activities include: the entitling, planning, and permitting of land for development, the construction of infrastructure, the construction of pre-leased buildings, the construction of buildings to be leased or sold, and the sale of land to third parties for their own development.