Wall Street Zen Upgrades Tejon Ranch (NYSE:TRC) to “Hold”

Tejon Ranch (NYSE:TRC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Separately, Weiss Ratings upgraded shares of Tejon Ranch from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Tejon Ranch Price Performance

NYSE:TRC opened at $16.46 on Friday. Tejon Ranch has a 52-week low of $14.70 and a 52-week high of $19.39. The stock has a fifty day moving average of $16.05 and a 200 day moving average of $16.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.24. The firm has a market capitalization of $442.78 million, a price-to-earnings ratio of -1,646.40 and a beta of 0.63.

Tejon Ranch (NYSE:TRC) last released its quarterly earnings results on Thursday, November 6th. The real estate development and agribusiness company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The firm had revenue of $11.97 million for the quarter, compared to analysts’ expectations of $9.53 million. Tejon Ranch had a negative return on equity of 0.11% and a negative net margin of 1.17%. On average, research analysts expect that Tejon Ranch will post -0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in Tejon Ranch by 688.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,996 shares of the real estate development and agribusiness company’s stock worth $32,000 after buying an additional 1,743 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Tejon Ranch by 59.8% during the second quarter. BNP Paribas Financial Markets now owns 2,200 shares of the real estate development and agribusiness company’s stock valued at $37,000 after acquiring an additional 823 shares in the last quarter. Strs Ohio purchased a new stake in Tejon Ranch in the first quarter worth $65,000. Raymond James Financial Inc. bought a new stake in Tejon Ranch in the second quarter valued at $122,000. Finally, Bank of America Corp DE increased its position in Tejon Ranch by 13.0% during the 2nd quarter. Bank of America Corp DE now owns 18,425 shares of the real estate development and agribusiness company’s stock valued at $312,000 after purchasing an additional 2,116 shares during the period. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Tejon Ranch Company Profile

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.