Tejon Ranch (TRC) Given News Sentiment Rating of 0.13
Media coverage about Tejon Ranch (NYSE:TRC) has been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tejon Ranch earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media stories about the real estate development and agribusiness company an impact score of 43.577814171294 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Separately, TheStreet raised Tejon Ranch from a “d+” rating to a “c-” rating in a research report on Friday, November 24th.
Tejon Ranch (TRC) traded down $0.19 during mid-day trading on Tuesday, reaching $20.76. The company’s stock had a trading volume of 50,800 shares, compared to its average volume of 69,224. The firm has a market cap of $537.13, a P/E ratio of -207.58 and a beta of 1.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.31 and a quick ratio of 1.13. Tejon Ranch has a fifty-two week low of $18.59 and a fifty-two week high of $26.04.
In related news, Director Geoffrey L. Stack purchased 5,555 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was acquired at an average price of $18.00 per share, for a total transaction of $99,990.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory S. Bielli purchased 5,600 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were bought at an average price of $18.00 per share, with a total value of $100,800.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,113,601 shares of company stock valued at $20,044,818 in the last quarter. 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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