Tejon Ranch Co. (NYSE:TRC – Get Rating)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.37 and traded as low as $15.61. Tejon Ranch shares last traded at $15.70, with a volume of 31,534 shares changing hands.
Separately, StockNews.com initiated coverage on Tejon Ranch in a research note on Thursday, March 31st. They issued a “hold” rating for the company.
The company has a debt-to-equity ratio of 0.10, a current ratio of 3.79 and a quick ratio of 3.36. The company has a market capitalization of $415.74 million, a price-to-earnings ratio of 38.29 and a beta of 0.57. The firm has a 50-day moving average price of $16.51 and a two-hundred day moving average price of $17.37.
Tejon Ranch (NYSE:TRC – Get Rating) last posted its quarterly earnings data on Monday, May 9th. The real estate development and agribusiness company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.18. The company had revenue of $21.02 million during the quarter, compared to analysts’ expectations of $11.66 million. Tejon Ranch had a return on equity of 2.35% and a net margin of 16.33%. On average, equities analysts predict that Tejon Ranch Co. will post 0.04 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of TRC. Lazard Asset Management LLC acquired a new position in Tejon Ranch during the first quarter valued at approximately $29,000. Amalgamated Bank acquired a new position in Tejon Ranch during the first quarter valued at approximately $46,000. Moors & Cabot Inc. acquired a new position in Tejon Ranch during the third quarter valued at approximately $48,000. Acadian Asset Management LLC acquired a new position in Tejon Ranch during the fourth quarter valued at approximately $103,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Tejon Ranch during the first quarter valued at approximately $128,000. 63.12% of the stock is owned by hedge funds and other institutional investors.
Tejon Ranch Company Profile (NYSE:TRC)
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.
Further Reading
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.