Price Action Don’t Lie: Tejon Ranch Company’s Stock Is Buy After Achieving 52-Week High

Price Action Don't Lie: Tejon Ranch Company's Stock Is Buy After Achieving 52 Week High

The stock of Tejon Ranch Company (NYSE:TRC) hit a new 52-week high and has $29.07 target or 5.00% above today’s $27.69 share price. The 7 months bullish chart indicates low risk for the $581.50M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $29.07 price target is reached, the company will be worth $29.08M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.90% or $0.78 during the last trading session, hitting $27.69. About 16,834 shares traded hands. Tejon Ranch Company (NYSE:TRC) has risen 18.81% since April 22, 2016 and is uptrending. It has outperformed by 13.40% the S&P500.

Analysts await Tejon Ranch Company (NYSE:TRC) to report earnings on March, 2.

According to Zacks Investment Research, “Tejon Ranch Co. is a diversified, growth oriented real estate development and agribusiness company. The company’s principal asset is the Tejon Ranch, located approximately 60 miles north of Los Angeles. Operating revenues are generated by four divisions: Real Estate; Livestock; Farming; and Resource Management”

Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.07, from 0.96 in 2016Q1. The ratio improved, as 3 funds sold all Tejon Ranch Company shares owned while 25 reduced positions. 3 funds bought stakes while 24 increased positions. They now own 15.46 million shares or 0.17% more from 15.43 million shares in 2016Q1.
Metropolitan Life Ins New York last reported 0% of its portfolio in the stock. Stifel Financial Corporation reported 26,815 shares or 0% of all its holdings. First Manhattan Communications last reported 1,001 shares in the company. Nationwide Fund owns 9,031 shares or 0% of their US portfolio. Moreover, Intl Grp Incorporated has 0% invested in Tejon Ranch Company (NYSE:TRC) for 8,014 shares. Deutsche Bank Ag owns 2,157 shares or 0% of their US portfolio. Moreover, Blackrock Advsr Ltd Liability Company has 0% invested in Tejon Ranch Company (NYSE:TRC) for 6,766 shares. Towerview Limited Com holds 30.61% or 2.80 million shares in its portfolio. The New York-based Reik Company Limited Company has invested 1.22% in Tejon Ranch Company (NYSE:TRC). Schwab Charles Mgmt holds 0% or 45,139 shares in its portfolio. The Florida-based State Board Of Administration Of Florida Retirement Sys has invested 0% in Tejon Ranch Company (NYSE:TRC). The New York-based Jpmorgan Chase has invested 0% in Tejon Ranch Company (NYSE:TRC). Great West Life Assurance Communication Can owns 3,100 shares or 0% of their US portfolio. Northern Tru last reported 170,505 shares in the company. Valueworks Ltd Company accumulated 10,920 shares or 0.19% of the stock.

Insider Transactions: Since July 21, 2016, the stock had 1 insider buy, and 0 insider sales for $20,921 net activity. Another trade for 885 shares valued at $20,921 was made by TISCH DANIEL R on Thursday, July 21.

More notable recent Tejon Ranch Company (NYSE:TRC) news were published by: Latimes.com which released: “Outdoor enthusiasts get to roam Tejon Ranch — for a price” on July 05, 2016, also Latimes.com with their article: “Tejon Ranch targets commercial development for growth” published on September 29, 2014, Businesswire.com published: “Tejon Ranch Co. Names General Counsel” on March 14, 2016. More interesting news about Tejon Ranch Company (NYSE:TRC) were released by: Thestreet.com and their article: “Tejon Ranch Co Stock Downgraded (TRC)” published on February 11, 2014 as well as Businesswire.com‘s news article titled: “Tejon Ranch Co. and Majestic Realty Co. Partner to Purchase Building” with publication date: August 08, 2016.

TRC Company Profile

Tejon Ranch Co. (Tejon), incorporated on March 20, 1987, is a diversified real estate development and agribusiness company. The Firm operates through five business divisions: commercial/industrial real estate development; resort/residential real estate development; mineral resources; farming, and ranch operations. The Company’s activities consist of land planning and entitlement, land development, commercial sales and leasing, leasing of land for mineral royalties, water asset management and sales, grazing leases, income portfolio management, farming and ranch operations. It is also engaged in commercial sales and leasing at its operational commercial/industrial center.

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