Tejon Ranch (NYSE:TRC) Given Sell (D+) Rating at Weiss Ratings

Key Points

• Tejon Ranch has been given a "sell (D+)" rating by Weiss Ratings, reflecting concerns over its financial performance.
• The company's stock price is currently at $16.18, with a 52-week low of $14.70 and a high of $19.39, indicating volatility in its market position.
• In its latest earnings report, Tejon Ranch reported a loss of ($0.06) per share, which missed analyst expectations, although revenue exceeded forecasts.

Tejon Ranch (NYSE:TRC - Get Free Report)'s stock had its "sell (d+)" rating restated by equities research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Tejon Ranch Trading Up 0.3%

NYSE TRC traded up $0.06 on Friday, reaching $16.18. 58,537 shares of the company were exchanged, compared to its average volume of 95,974. The business's fifty day moving average price is $16.42 and its 200 day moving average price is $16.87. The stock has a market capitalization of $434.95 million, a P/E ratio of -1,617.50 and a beta of 0.64. The company has a current ratio of 2.24, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. Tejon Ranch has a fifty-two week low of $14.70 and a fifty-two week high of $19.39.

Tejon Ranch (NYSE:TRC - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The real estate development and agribusiness company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). The company had revenue of $8.31 million for the quarter, compared to analyst estimates of $8.10 million. Tejon Ranch had a negative return on equity of 0.11% and a negative net margin of 1.17%. Analysts forecast that Tejon Ranch will post -0.04 earnings per share for the current year.

Hedge Funds Weigh In On Tejon Ranch

Several large investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in shares of Tejon Ranch by 59.8% in the 2nd 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 purchasing an additional 823 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Tejon Ranch by 3.1% in the 2nd quarter. Rhumbline Advisers now owns 33,448 shares of the real estate development and agribusiness company's stock valued at $567,000 after purchasing an additional 1,018 shares during the last quarter. Foundation Resource Management Inc. lifted its stake in shares of Tejon Ranch by 0.4% in the 3rd quarter. Foundation Resource Management Inc. now owns 485,080 shares of the real estate development and agribusiness company's stock valued at $7,752,000 after purchasing an additional 1,865 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Tejon Ranch by 1.4% in the 1st quarter. Gabelli Funds LLC now owns 146,000 shares of the real estate development and agribusiness company's stock valued at $2,314,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Tejon Ranch by 13.0% in the 2nd quarter. Bank of America Corp DE now owns 18,425 shares of the real estate development and agribusiness company's stock valued at $312,000 after purchasing an additional 2,116 shares during the last quarter. Institutional investors and hedge funds own 60.63% of the company's stock.

About Tejon Ranch

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.

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