Levin Capital Strategies L.P. Lowers Position in Tejon Ranch (TRC)

Levin Capital Strategies L.P. trimmed its position in Tejon Ranch (NYSE:TRC) by 24.5% in the third quarter, HoldingsChannel.com reports. The firm owned 210,133 shares of the real estate development and agribusiness company’s stock after selling 68,130 shares during the period. Levin Capital Strategies L.P.’s holdings in Tejon Ranch were worth $4,562,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TRC. BlackRock Inc. grew its position in shares of Tejon Ranch by 15.2% during the 2nd quarter. BlackRock Inc. now owns 1,450,374 shares of the real estate development and agribusiness company’s stock worth $35,243,000 after buying an additional 190,966 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Tejon Ranch by 13.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,795 shares of the real estate development and agribusiness company’s stock worth $31,998,000 after buying an additional 157,090 shares during the period. Citadel Advisors LLC acquired a new position in shares of Tejon Ranch during the 2nd quarter worth about $856,000. Northern Trust Corp grew its position in shares of Tejon Ranch by 16.0% during the 1st quarter. Northern Trust Corp now owns 253,720 shares of the real estate development and agribusiness company’s stock worth $5,863,000 after buying an additional 35,088 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Tejon Ranch by 145.8% during the 1st quarter. Wells Fargo & Company MN now owns 34,726 shares of the real estate development and agribusiness company’s stock worth $802,000 after buying an additional 20,601 shares during the period. Institutional investors own 74.55% of the company’s stock.

Several equities analysts have recently issued reports on the company. TheStreet lowered Tejon Ranch from a “c” rating to a “d+” rating in a research report on Wednesday, August 29th. Stifel Nicolaus boosted their target price on Tejon Ranch from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd.



Tejon Ranch stock opened at $19.25 on Tuesday. The stock has a market cap of $502.07 million, a PE ratio of 644.67 and a beta of 1.08. Tejon Ranch has a 1 year low of $18.59 and a 1 year high of $26.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.13 and a quick ratio of 7.49.

Tejon Ranch (NYSE:TRC) last posted its earnings results on Tuesday, August 7th. The real estate development and agribusiness company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $5.07 million for the quarter. Tejon Ranch had a return on equity of 0.19% and a net margin of 1.85%.

About Tejon Ranch

Tejon Ranch Co 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 entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.

Further Reading: Dividend Aristocrat Index

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Institutional Ownership by Quarter for Tejon Ranch (NYSE:TRC)

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