Tejon Ranch Co (NYSE:TRC - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.19 and traded as high as $18.07. Tejon Ranch shares last traded at $18.06, with a volume of 77,465 shares changing hands.
Tejon Ranch Stock Performance
The stock has a market capitalization of $479.54 million, a PE ratio of 198.22 and a beta of 0.61. The firm's fifty day moving average is $16.72 and its 200-day moving average is $16.24. The company has a current ratio of 2.68, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15.
Tejon Ranch (NYSE:TRC - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The real estate development and agribusiness company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $8.21 million during the quarter, compared to analysts' expectations of $7.57 million. Tejon Ranch had a net margin of 5.01% and a return on equity of 0.44%. As a group, research analysts anticipate that Tejon Ranch Co will post -0.04 earnings per share for the current year.
Institutional Trading of Tejon Ranch
Institutional investors and hedge funds have recently bought and sold shares of the business. NBC Securities Inc. grew its holdings in shares of Tejon Ranch by 86,300.0% in the first quarter. NBC Securities Inc. now owns 1,728 shares of the real estate development and agribusiness company's stock valued at $27,000 after purchasing an additional 1,726 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Tejon Ranch in the first quarter valued at approximately $28,000. GAMMA Investing LLC grew its holdings in shares of Tejon Ranch by 4,636.1% in the first quarter. GAMMA Investing LLC now owns 3,931 shares of the real estate development and agribusiness company's stock valued at $62,000 after purchasing an additional 3,848 shares in the last quarter. Strs Ohio acquired a new position in shares of Tejon Ranch in the first quarter valued at approximately $65,000. Finally, Kennondale Capital Management LLC acquired a new position in shares of Tejon Ranch in the fourth quarter valued at approximately $174,000. 60.63% of the stock is currently owned by hedge funds and other institutional investors.
About Tejon Ranch
(
Get Free Report)
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.
Read More
Before you consider Tejon Ranch, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tejon Ranch wasn't on the list.
While Tejon Ranch currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
