StockNews.com Upgrades Tejon Ranch (NYSE:TRC) to “Sell”

Tejon Ranch (NYSE:TRC) was upgraded by analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Wednesday.

Tejon Ranch Stock Performance

TRC stock opened at $16.02 on Wednesday. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The firm has a market cap of $429.65 million, a P/E ratio of -1,601,800.00 and a beta of 0.59. Tejon Ranch has a 12-month low of $14.70 and a 12-month high of $19.82. The stock’s 50 day simple moving average is $15.87 and its 200 day simple moving average is $16.39.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.14. The business had revenue of $17.94 million for the quarter, compared to analyst estimates of $15.53 million. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. As a group, equities research analysts predict that Tejon Ranch will post -0.04 EPS for the current year.

Insider Activity at Tejon Ranch

In other news, Director Geoffrey L. Stack sold 2,500 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $15.60, for a total value of $39,000.00. Following the completion of the transaction, the director now owns 67,544 shares of the company’s stock, valued at approximately $1,053,686.40. This represents a 3.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 22.44% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Kennondale Capital Management LLC bought a new position in shares of Tejon Ranch in the fourth quarter worth $174,000. Deutsche Bank AG grew its stake in shares of Tejon Ranch by 36.1% in the fourth quarter. Deutsche Bank AG now owns 11,022 shares of the real estate development and agribusiness company’s stock worth $175,000 after purchasing an additional 2,922 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of Tejon Ranch in the fourth quarter worth $200,000. SG Americas Securities LLC boosted its stake in Tejon Ranch by 30.3% during the fourth quarter. SG Americas Securities LLC now owns 19,010 shares of the real estate development and agribusiness company’s stock valued at $302,000 after buying an additional 4,424 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Tejon Ranch during the fourth quarter valued at about $312,000. Institutional investors own 60.63% of the company’s stock.

Tejon Ranch Company Profile

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.