Tejon Ranch (NYSE:TRC) Rating Increased to Hold 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 issued to investors on Sunday morning.

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

Tejon Ranch Stock Up 0.1%

Shares of Tejon Ranch stock opened at $19.07 on Friday. The company has a market capitalization of $513.56 million, a P/E ratio of 1,908.91 and a beta of 0.65. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.14 and a quick ratio of 3.78. The business has a 50-day moving average of $17.43 and a two-hundred day moving average of $16.52. Tejon Ranch has a 1 year low of $15.04 and a 1 year high of $19.61.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC bought a new stake in Tejon Ranch during the 4th quarter worth about $389,000. Clayton Partners LLC bought a new position in shares of Tejon Ranch in the 4th quarter valued at about $279,000. Almitas Capital LLC bought a new position in shares of Tejon Ranch in the 4th quarter valued at about $1,469,000. AQR Capital Management LLC increased its position in shares of Tejon Ranch by 11.8% in the fourth quarter. AQR Capital Management LLC now owns 11,970 shares of the real estate development and agribusiness company’s stock valued at $189,000 after acquiring an additional 1,265 shares during the last quarter. Finally, Nitor Capital Management LLC acquired a new stake in shares of Tejon Ranch in the fourth quarter valued at about $21,227,000. Institutional investors own 60.63% of the company’s stock.

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.