Tejon Ranch (NYSE:TRC) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Tejon Ranch Co (NYSE:TRC)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.35 and traded as high as $16.93. Tejon Ranch shares last traded at $16.8630, with a volume of 75,831 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TRC. Wall Street Zen raised Tejon Ranch from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings upgraded Tejon Ranch from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tejon Ranch presently has an average rating of “Hold”.

Tejon Ranch Price Performance

The stock has a 50 day moving average of $16.22 and a two-hundred day moving average of $16.35. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.06 and a current ratio of 2.66. The firm has a market capitalization of $459.52 million, a P/E ratio of 142.41 and a beta of 0.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TRC. Almitas Capital LLC acquired a new stake in shares of Tejon Ranch in the fourth quarter valued at about $1,469,000. AQR Capital Management LLC boosted its stake in Tejon Ranch by 11.8% during the 4th 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 purchasing an additional 1,265 shares during the period. Nitor Capital Management LLC acquired a new stake in Tejon Ranch in the 4th quarter valued at approximately $21,227,000. Price T Rowe Associates Inc. MD increased its position in Tejon Ranch by 22.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,667 shares of the real estate development and agribusiness company’s stock worth $500,000 after buying an additional 5,738 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Tejon Ranch by 10.7% during the fourth quarter. Barclays PLC now owns 32,787 shares of the real estate development and agribusiness company’s stock worth $517,000 after buying an additional 3,166 shares during the last quarter. Institutional investors and hedge funds 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.