Tejon Ranch (NYSE:TRC) Shares Break Below 200 Day Moving Average - Time to Sell?

Key Points

• Tejon Ranch shares fell below their 200-day moving average of $18.02, trading as low as $16.19 and recently changing hands at $16.37.
• Analyst sentiment remains cautious: Weiss Ratings downgraded the stock from “hold (c)” to “hold (c-),” while the broader analyst consensus is “Hold.”
• The company exceeded quarterly expectations, reporting $0.10 in earnings per share versus a $0.02 estimate and $14.26 million in revenue versus $8.64 million expected; institutional investors own 60.63% of the stock.

Tejon Ranch Co (NYSE:TRC - Get Free Report) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $18.02 and traded as low as $16.19. Tejon Ranch shares last traded at $16.3710, with a volume of 72,634 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Tejon Ranch from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Tejon Ranch presently has an average rating of "Hold".

Tejon Ranch Stock Performance

The company has a 50 day simple moving average of $16.30 and a 200-day simple moving average of $18.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.06. The stock has a market cap of $442.34 million, a P/E ratio of 71.18 and a beta of 0.55.

Tejon Ranch (NYSE:TRC - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The real estate development and agribusiness company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. The firm had revenue of $14.26 million for the quarter, compared to analyst estimates of $8.64 million. Tejon Ranch had a return on equity of 1.23% and a net margin of 10.62%. On average, equities analysts expect that Tejon Ranch Co will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc bought a new stake in shares of Tejon Ranch in the 2nd quarter worth approximately $40,000. GSA Capital Partners LLP purchased a new stake in shares of Tejon Ranch in the 2nd quarter valued at $192,000. Two Sigma Securities LLC bought a new position in shares of Tejon Ranch during the 2nd quarter valued at $213,000. Clayton Partners LLC bought a new position in shares of Tejon Ranch during the 4th quarter valued at $279,000. Finally, Deutsche Bank AG purchased a new position in Tejon Ranch in the 2nd quarter worth $384,000. 60.63% of the stock is currently owned by institutional investors.

About Tejon Ranch

Tejon Ranch Company NYSE: TRC is a diversified real estate and resource management company based in California. Its operations are centered on Tejon Ranch, a large privately owned property located in the Tejon Pass area of Southern California, between Los Angeles and Bakersfield.

The company develops and manages commercial, industrial, residential and retail properties. Its real estate portfolio includes the Tejon Ranch Commerce Center, the Tejon Industrial Complex, the Tejon Ranch Outlets and planning activities related to Centennial, a proposed master-planned community.

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