Northern Trust Corp trimmed its stake in Tejon Ranch (NYSE:TRC) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262,302 shares of the real estate development and agribusiness company’s stock after selling 43,730 shares during the period. Northern Trust Corp owned 1.01% of Tejon Ranch worth $4,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc increased its position in Tejon Ranch by 10.1% during the 3rd quarter. Vanguard Group Inc now owns 2,830,582 shares of the real estate development and agribusiness company’s stock valued at $61,452,000 after buying an additional 260,660 shares in the last quarter. Vanguard Group Inc. increased its position in Tejon Ranch by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,830,582 shares of the real estate development and agribusiness company’s stock valued at $61,452,000 after buying an additional 260,660 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Tejon Ranch during the 3rd quarter valued at about $1,973,000. Dimensional Fund Advisors LP increased its position in Tejon Ranch by 5.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,390,481 shares of the real estate development and agribusiness company’s stock valued at $30,187,000 after buying an additional 73,686 shares in the last quarter. Finally, BlackRock Inc. increased its position in Tejon Ranch by 3.1% during the 4th quarter. BlackRock Inc. now owns 1,497,835 shares of the real estate development and agribusiness company’s stock valued at $24,834,000 after buying an additional 44,985 shares in the last quarter. 69.94% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:TRC opened at $17.25 on Monday. Tejon Ranch has a 1 year low of $16.04 and a 1 year high of $26.25. The stock has a market cap of $448.93 million, a P/E ratio of 107.81 and a beta of 1.01. The company has a current ratio of 5.85, a quick ratio of 5.69 and a debt-to-equity ratio of 0.14.

Tejon Ranch (NYSE:TRC) last announced its earnings results on Thursday, February 28th. The real estate development and agribusiness company reported $0.01 earnings per share (EPS) for the quarter. Tejon Ranch had a return on equity of 0.98% and a net margin of 9.33%. The company had revenue of $11.65 million for the quarter.

Separately, TheStreet raised Tejon Ranch from a “d+” rating to a “c-” rating in a research report on Wednesday, February 20th.

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About Tejon Ranch

Tejon Ranch Co operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.

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Institutional Ownership by Quarter for Tejon Ranch (NYSE:TRC)

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