Tejon Ranch (NYSE:TRC) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Tejon Ranch Co (NYSE:TRC)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.84 and traded as high as $19.76. Tejon Ranch shares last traded at $19.0440, with a volume of 92,966 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TRC shares. Wall Street Zen upgraded shares of Tejon Ranch from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Weiss Ratings cut Tejon Ranch from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, March 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tejon Ranch currently has a consensus rating of “Sell”.

Tejon Ranch Price Performance

The stock has a market capitalization of $499.50 million, a price-to-earnings ratio of 264.32 and a beta of 0.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.25 and a current ratio of 2.76. The company has a fifty day simple moving average of $19.42 and a two-hundred day simple moving average of $17.88.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings data on Thursday, May 7th. The real estate development and agribusiness company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business had revenue of $9.50 million during the quarter, compared to analysts’ expectations of $8.75 million. Tejon Ranch had a net margin of 3.32% and a return on equity of 0.35%. As a group, equities research analysts expect that Tejon Ranch Co will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nitor Capital Management LLC bought a new position in Tejon Ranch in the 4th quarter valued at approximately $21,227,000. Lee Danner & Bass Inc. raised its holdings in Tejon Ranch by 1,109.4% in the 1st quarter. Lee Danner & Bass Inc. now owns 695,425 shares of the real estate development and agribusiness company’s stock valued at $13,102,000 after buying an additional 637,925 shares during the last quarter. UBS Group AG increased its position in Tejon Ranch by 482.2% in the 3rd quarter. UBS Group AG now owns 307,887 shares of the real estate development and agribusiness company’s stock valued at $4,920,000 after acquiring an additional 255,008 shares during the period. Almitas Capital LLC acquired a new position in shares of Tejon Ranch during the fourth quarter worth $1,469,000. Finally, Sei Investments Co. raised its position in Tejon Ranch by 98.8% during the 1st quarter. Sei Investments Co. now owns 168,854 shares of the real estate development and agribusiness company’s stock worth $3,181,000 after purchasing an additional 83,921 shares during the last quarter. 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.