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 report report published on Sunday morning.

Separately, Weiss Ratings upgraded shares of Tejon Ranch from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, November 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Tejon Ranch Stock Performance

Shares of TRC stock opened at $15.97 on Friday. The firm has a market capitalization of $429.36 million, a price-to-earnings ratio of -1,596.50 and a beta of 0.63. The company has a current ratio of 2.24, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $16.01 and its 200-day moving average price is $16.80. Tejon Ranch has a 12 month low of $14.70 and a 12 month high of $19.39.

Tejon Ranch (NYSE:TRC) last released its quarterly earnings data on Thursday, November 6th. The real estate development and agribusiness company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $11.97 million during the quarter, compared to the consensus estimate of $9.53 million. Tejon Ranch had a negative return on equity of 0.11% and a negative net margin of 1.17%. Equities research analysts forecast that Tejon Ranch will post -0.04 EPS for the current year.

Institutional Trading of Tejon Ranch

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC raised its holdings in Tejon Ranch by 99.9% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 1,647,497 shares of the real estate development and agribusiness company’s stock worth $27,942,000 after purchasing an additional 823,435 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in Tejon Ranch during the third quarter worth $7,118,000. UBS Group AG raised its stake in Tejon Ranch by 482.2% during the third quarter. UBS Group AG now owns 307,887 shares of the real estate development and agribusiness company’s stock worth $4,920,000 after buying an additional 255,008 shares during the last quarter. Teton Advisors LLC acquired a new position in Tejon Ranch in the third quarter valued at $1,326,000. Finally, Two Sigma Investments LP bought a new stake in Tejon Ranch during the third quarter valued at $1,314,000. Institutional investors and hedge funds own 60.63% of the company’s stock.

About Tejon Ranch

Tejon Ranch Co, together with its subsidiaries, 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 planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.