Wall Street Zen Upgrades Tejon Ranch (NYSE:TRC) to Hold

Tejon Ranch (NYSE:TRC) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

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

Tejon Ranch Stock Performance

Shares of TRC opened at $19.13 on Friday. Tejon Ranch has a 1 year low of $15.04 and a 1 year high of $19.61. The company’s 50 day simple moving average is $17.48 and its 200 day simple moving average is $16.53. The company has a market capitalization of $515.04 million, a price-to-earnings ratio of 1,914.41 and a beta of 0.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.78 and a current ratio of 4.14.

Tejon Ranch (NYSE:TRC) last released its earnings results on Thursday, March 19th. The real estate development and agribusiness company reported $0.06 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 firm had revenue of $21.11 million during the quarter, compared to analysts’ expectations of $13.94 million. On average, sell-side analysts predict that Tejon Ranch will post -0.04 EPS for the current year.

Institutional Trading of Tejon Ranch

A number of institutional investors and hedge funds have recently made changes to their positions in TRC. Russell Investments Group Ltd. boosted its holdings in Tejon Ranch by 688.9% in the third quarter. Russell Investments Group Ltd. now owns 1,996 shares of the real estate development and agribusiness company’s stock valued at $32,000 after acquiring an additional 1,743 shares during the last quarter. BNP Paribas Financial Markets grew its position in Tejon Ranch by 59.8% during the second quarter. BNP Paribas Financial Markets now owns 2,200 shares of the real estate development and agribusiness company’s stock valued at $37,000 after acquiring an additional 823 shares during the period. Strs Ohio acquired a new stake in Tejon Ranch during the first quarter worth about $65,000. Eurizon Capital SGR S.p.A. acquired a new stake in Tejon Ranch during the fourth quarter worth about $87,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Tejon Ranch in the 2nd quarter worth about $122,000. 60.63% of the stock is currently owned by institutional investors and hedge funds.

About Tejon Ranch

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.