News stories about Tejon Ranch (NYSE:TRC) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tejon Ranch earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the real estate development and agribusiness company an impact score of 42.7122218291385 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, TheStreet upgraded shares of Tejon Ranch from a “d+” rating to a “c-” rating in a research report on Friday, November 24th.
Shares of Tejon Ranch (TRC) traded up $0.14 during mid-day trading on Monday, reaching $21.25. 56,600 shares of the company’s stock traded hands, compared to its average volume of 54,462. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.31 and a quick ratio of 1.13. The firm has a market capitalization of $551.10, a P/E ratio of -212.50 and a beta of 1.56. Tejon Ranch has a 1 year low of $18.59 and a 1 year high of $25.15.
In other Tejon Ranch news, Director Daniel R. Tisch bought 1,096,169 shares of the stock in a transaction dated Friday, October 27th. The shares were bought at an average cost of $18.00 per share, with a total value of $19,731,042.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Allen E. Lyda bought 5,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were acquired at an average cost of $18.00 per share, for a total transaction of $90,000.00. Following the completion of the acquisition, the insider now directly owns 104,977 shares of the company’s stock, valued at approximately $1,889,586. The disclosure for this purchase can be found here. Insiders have acquired 1,113,601 shares of company stock valued at $20,044,818 over the last 90 days. Company insiders own 29.40% of the company’s stock.
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Tejon Ranch Company Profile
Tejon Ranch Co is a diversified real estate development and agribusiness company. The Company operates through five segments: Real Estate-Commercial/Industrial; Real Estate-Resort/Residential; Mineral Resources; Farming Operations, and Ranch Operations. Its Real Estate-Commercial/Industrial segment is engaged in building, land lease activities, and land and building sales.
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