Tejon Ranch (NYSE:TRC) Share Price Passes Above 200 Day Moving Average of $17.00

Tejon Ranch Co. (NYSE:TRC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.00 and traded as high as $18.34. Tejon Ranch shares last traded at $18.27, with a volume of 158,732 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Tejon Ranch to a “sell” rating in a report on Wednesday, August 7th.

Tejon Ranch Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 3.43 and a quick ratio of 2.95. The stock has a fifty day simple moving average of $17.90 and a two-hundred day simple moving average of $17.00. The firm has a market capitalization of $489.87 million, a P/E ratio of 609.04 and a beta of 0.58.

Tejon Ranch (NYSE:TRC) last released its quarterly earnings data on Tuesday, August 6th. The real estate development and agribusiness company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.07. The company had revenue of $5.69 million during the quarter, compared to analyst estimates of $7.50 million. Tejon Ranch had a net margin of 3.21% and a return on equity of 0.26%. On average, research analysts predict that Tejon Ranch Co. will post 0.02 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in Tejon Ranch by 17.4% during the second quarter. American Century Companies Inc. now owns 32,226 shares of the real estate development and agribusiness company’s stock worth $550,000 after buying an additional 4,769 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Tejon Ranch by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 33,924 shares of the real estate development and agribusiness company’s stock worth $579,000 after acquiring an additional 770 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Tejon Ranch in the 2nd quarter valued at about $802,000. Signaturefd LLC boosted its stake in Tejon Ranch by 1,267.2% during the 2nd quarter. Signaturefd LLC now owns 2,584 shares of the real estate development and agribusiness company’s stock valued at $44,000 after purchasing an additional 2,395 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Tejon Ranch by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 339,038 shares of the real estate development and agribusiness company’s stock worth $5,784,000 after purchasing an additional 6,605 shares in the last quarter. Institutional investors 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.