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

Wall Street Zen upgraded shares of Tejon Ranch (NYSE:TRC) from a sell rating to a hold rating in a research note published on Sunday morning.

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

Tejon Ranch Stock Performance

Shares of TRC stock opened at $18.82 on Friday. The company’s fifty day moving average price is $17.53 and its 200-day moving average price is $16.55. The stock has a market cap of $506.77 million, a PE ratio of 1,883.68 and a beta of 0.65. The company has a current ratio of 4.14, a quick ratio of 3.78 and a debt-to-equity ratio of 0.19. Tejon Ranch has a 12 month low of $15.04 and a 12 month high of $19.61.

Tejon Ranch (NYSE:TRC) last issued its quarterly earnings results on Thursday, March 19th. The real estate development and agribusiness company reported $0.06 earnings per share (EPS) for the quarter, topping 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 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 will post -0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Tejon Ranch

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its holdings 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 worth $37,000 after purchasing an additional 823 shares during the last quarter. Cibc World Market Inc. raised its stake in Tejon Ranch by 1.0% during the 4th quarter. Cibc World Market Inc. now owns 102,150 shares of the real estate development and agribusiness company’s stock valued at $1,611,000 after buying an additional 1,000 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Tejon Ranch by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 33,448 shares of the real estate development and agribusiness company’s stock valued at $567,000 after buying an additional 1,018 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of Tejon Ranch by 0.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 446,595 shares of the real estate development and agribusiness company’s stock valued at $7,043,000 after buying an additional 1,155 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of Tejon Ranch by 6.1% in the 3rd quarter. Alliancebernstein L.P. now owns 21,022 shares of the real estate development and agribusiness company’s stock worth $336,000 after buying an additional 1,200 shares during the last quarter. 60.63% of the stock is currently owned by 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.