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

Tejon Ranch Co (NYSE:TRC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.94 and traded as high as $19.08. Tejon Ranch shares last traded at $18.5330, with a volume of 95,623 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wall Street Zen upgraded Tejon Ranch from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Weiss Ratings downgraded Tejon Ranch from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, March 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Tejon Ranch Price Performance

The company’s 50-day moving average is $19.36 and its 200-day moving average is $17.94. The firm has a market cap of $500.39 million, a price-to-earnings ratio of 264.79 and a beta of 0.59. The company has a current ratio of 2.76, a quick ratio of 2.25 and a debt-to-equity ratio of 0.22.

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 the consensus estimate of ($0.02) by $0.03. Tejon Ranch had a net margin of 3.32% and a return on equity of 0.35%. The business had revenue of $9.50 million during the quarter, compared to the consensus estimate of $8.75 million. Equities research analysts predict that Tejon Ranch Co will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Tejon Ranch

A number of institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in shares of Tejon Ranch by 688.9% during 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 in the last quarter. BNP Paribas Financial Markets boosted 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 buying an additional 823 shares in the last quarter. Strs Ohio acquired a new stake in Tejon Ranch in the first quarter valued at about $65,000. Eurizon Capital SGR S.p.A. bought a new position in Tejon Ranch in the fourth quarter valued at about $87,000. Finally, Raymond James Financial Inc. bought a new position in Tejon Ranch in the second quarter valued at about $122,000. Institutional investors and hedge funds 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.