Tejon Ranch (NYSE:TRC) Upgraded at Wall Street Zen

Tejon Ranch (NYSE:TRC) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings downgraded shares of Tejon Ranch from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, March 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Tejon Ranch Stock Performance

NYSE:TRC opened at $19.07 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.78 and a current ratio of 4.14. The company has a fifty day moving average of $17.43 and a two-hundred day moving average of $16.52. The stock has a market capitalization of $513.56 million, a PE ratio of 1,908.91 and a beta of 0.65. Tejon Ranch has a fifty-two week low of $15.04 and a fifty-two week high of $19.61.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings data on Thursday, March 19th. The real estate development and agribusiness company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Tejon Ranch had a net margin of 0.15% and a return on equity of 0.02%. The business had revenue of $21.11 million for the quarter, compared to the consensus estimate of $13.94 million. As a group, research analysts forecast that Tejon Ranch will post -0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Tejon Ranch by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,138,314 shares of the real estate development and agribusiness company’s stock valued at $34,170,000 after purchasing an additional 14,767 shares in the last quarter. Nitor Capital Management LLC purchased a new stake in shares of Tejon Ranch during the fourth quarter worth $21,227,000. Gamco Investors INC. ET AL grew its holdings in shares of Tejon Ranch by 1.1% during the second quarter. Gamco Investors INC. ET AL now owns 732,827 shares of the real estate development and agribusiness company’s stock worth $12,429,000 after buying an additional 7,900 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Tejon Ranch by 4.4% in the second quarter. Geode Capital Management LLC now owns 580,079 shares of the real estate development and agribusiness company’s stock valued at $9,840,000 after buying an additional 24,268 shares during the last quarter. Finally, Foundation Resource Management Inc. lifted its stake in shares of Tejon Ranch by 2.0% in the fourth quarter. Foundation Resource Management Inc. now owns 494,801 shares of the real estate development and agribusiness company’s stock worth $7,803,000 after buying an additional 9,721 shares in the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.

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.