Tejon Ranch (NYSE:TRC) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Tejon Ranch Co (NYSE:TRC) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.18 and traded as high as $18.62. Tejon Ranch shares last traded at $18.4730, with a volume of 66,147 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TRC. Weiss Ratings reiterated a “sell (d+)” rating on shares of Tejon Ranch in a report on Thursday, July 2nd. Wall Street Zen raised Tejon Ranch from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tejon Ranch has an average rating of “Sell”.

Tejon Ranch Trading Up 0.9%

The business has a 50 day moving average of $19.09 and a two-hundred day moving average of $18.18. The firm has a market capitalization of $498.84 million, a price-to-earnings ratio of 263.94 and a beta of 0.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.25 and a current ratio of 2.76.

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

Hedge Funds Weigh In On Tejon Ranch

A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in shares of 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 acquiring an additional 1,743 shares in the last quarter. BNP Paribas Financial Markets lifted its position 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 purchasing an additional 823 shares in the last quarter. Strs Ohio purchased a new position in Tejon Ranch during the first quarter worth about $65,000. Eurizon Capital SGR S.p.A. purchased a new position in Tejon Ranch during the fourth quarter worth about $87,000. Finally, Raymond James Financial Inc. bought a new stake in Tejon Ranch in the 2nd quarter worth about $122,000. 60.63% of the stock is owned by hedge funds and other institutional investors.

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.