Tejon Ranch (NYSE:TRC) Hits New 12-Month High – What’s Next?

Tejon Ranch Co (NYSE:TRC)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $19.82 and last traded at $19.7850, with a volume of 9625 shares traded. The stock had previously closed at $19.57.

Analyst Upgrades and Downgrades

TRC has been the subject of a number of recent analyst reports. Weiss Ratings cut Tejon Ranch from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, March 20th. Wall Street Zen raised Tejon Ranch from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Tejon Ranch Trading Up 1.4%

The company has a market capitalization of $535.63 million, a price-to-earnings ratio of 1,985.79 and a beta of 0.60. The business has a fifty day moving average price of $18.33 and a 200 day moving average price of $16.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.14 and a quick ratio of 3.78.

Tejon Ranch (NYSE:TRC) last issued its quarterly earnings results on Thursday, March 19th. The real estate development and agribusiness company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Tejon Ranch had a return on equity of 0.02% and a net margin of 0.15%.The company had revenue of $21.11 million during the quarter, compared to analyst estimates of $13.94 million. On average, equities analysts expect that Tejon Ranch Co will post -0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Concurrent Investment Advisors LLC acquired a new position in shares of Tejon Ranch during the third quarter worth approximately $7,118,000. Teton Advisors LLC acquired a new position in shares of Tejon Ranch during the third quarter worth approximately $1,326,000. Gabelli Funds LLC lifted its holdings in shares of Tejon Ranch by 20.5% during the third quarter. Gabelli Funds LLC now owns 235,000 shares of the real estate development and agribusiness company’s stock worth $3,755,000 after buying an additional 40,000 shares during the last quarter. Foundation Resource Management Inc. raised its stake in shares of Tejon Ranch by 0.4% in the third quarter. Foundation Resource Management Inc. now owns 485,080 shares of the real estate development and agribusiness company’s stock valued at $7,752,000 after purchasing an additional 1,865 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Tejon Ranch by 688.9% in the third quarter. Russell Investments Group Ltd. now owns 1,996 shares of the real estate development and agribusiness company’s stock valued at $32,000 after purchasing an additional 1,743 shares in the last quarter. 60.63% of the stock is currently owned by institutional investors and hedge funds.

Tejon Ranch Company Profile

Tejon Ranch Corporation (NYSE: TRC) is one of California’s largest private landowners, with a diversified portfolio spanning agriculture, real estate development and natural resource operations. Headquartered in Lebec, California, the company’s holdings encompass approximately 270,000 acres in Kern and Los Angeles counties. Established in 1937 on the historic Rancho Tejon land grant, Tejon Ranch has leveraged its strategic location along Interstate 5 to build a multifaceted enterprise serving both local and regional markets.

In agriculture, Tejon Ranch grows a variety of row crops and permanent plantings, including almonds, pistachios, table grapes and citrus.