Tejon Ranch Co (NYSE:TRC – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.18 and traded as high as $18.62. Tejon Ranch shares last traded at $18.4730, with a volume of 66,147 shares trading hands.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tejon Ranch in a research note on Thursday, July 2nd. Wall Street Zen raised Tejon Ranch from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.
Get Our Latest Research Report on TRC
Tejon Ranch Stock Performance
Tejon Ranch (NYSE:TRC – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The real estate development and agribusiness company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Tejon Ranch had a net margin of 3.32% and a return on equity of 0.35%. The company had revenue of $9.50 million for the quarter, compared to analyst estimates of $8.75 million. As a group, analysts predict that Tejon Ranch Co will post 0.11 EPS for the current year.
Institutional Trading of Tejon Ranch
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its position in shares of Tejon Ranch by 688.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,996 shares of the real estate development and agribusiness company’s stock worth $32,000 after purchasing an additional 1,743 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Tejon Ranch by 59.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,200 shares of the real estate development and agribusiness company’s stock worth $37,000 after buying an additional 823 shares during the last quarter. Strs Ohio bought a new position in shares of Tejon Ranch during the first quarter worth about $65,000. Eurizon Capital SGR S.p.A. bought a new position in Tejon Ranch in the 4th quarter worth about $87,000. Finally, Raymond James Financial Inc. acquired a new stake in Tejon Ranch in the 2nd quarter valued at approximately $122,000. Institutional investors own 60.63% of the company’s stock.
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.
See Also
- Five stocks we like better than Tejon Ranch
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for Tejon Ranch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tejon Ranch and related companies with MarketBeat.com's FREE daily email newsletter.
