Tejon Ranch (NYSE:TRC) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Tejon Ranch Co (NYSE:TRC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.84 and traded as high as $19.76. Tejon Ranch shares last traded at $19.0440, with a volume of 92,966 shares traded.

Wall Street Analysts Forecast Growth

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

Tejon Ranch Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.76 and a quick ratio of 2.25. The firm has a market capitalization of $514.19 million, a price-to-earnings ratio of 272.10 and a beta of 0.59. The firm’s fifty day moving average is $19.45 and its 200 day moving average is $17.84.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings results on Thursday, May 7th. The real estate development and agribusiness company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business had revenue of $9.50 million during the quarter, compared to analysts’ expectations of $8.75 million. Tejon Ranch had a net margin of 3.32% and a return on equity of 0.35%. On average, analysts predict that Tejon Ranch Co will post 0.11 EPS for the current fiscal year.

Institutional Trading of Tejon Ranch

A number of institutional investors have recently added to or reduced their stakes in TRC. Russell Investments Group Ltd. lifted its stake in 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 acquiring an additional 1,743 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Tejon Ranch by 59.8% in 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 during the last quarter. Strs Ohio acquired a new stake in Tejon Ranch in the first quarter valued at approximately $65,000. Eurizon Capital SGR S.p.A. acquired a new stake in Tejon Ranch in the fourth quarter valued at approximately $87,000. Finally, Raymond James Financial Inc. acquired a new stake in Tejon Ranch in the second quarter valued at approximately $122,000. 60.63% of the stock is currently owned by institutional investors and hedge funds.

About Tejon Ranch

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.