Dalton Greiner Hartman Maher & Co. Purchases Shares of 24,800 Tejon Ranch (NYSE:TRC)

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Dalton Greiner Hartman Maher & Co. purchased a new stake in Tejon Ranch (NYSE:TRC) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 24,800 shares of the real estate development and agribusiness company’s stock, valued at approximately $421,000. Dalton Greiner Hartman Maher & Co. owned about 0.10% of Tejon Ranch as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC raised its stake in shares of Tejon Ranch by 86.4% in the 2nd quarter. Renaissance Technologies LLC now owns 434,200 shares of the real estate development and agribusiness company’s stock valued at $7,203,000 after acquiring an additional 201,300 shares during the period. Bank of America Corp DE raised its stake in shares of Tejon Ranch by 38.3% in the 2nd quarter. Bank of America Corp DE now owns 76,874 shares of the real estate development and agribusiness company’s stock valued at $1,276,000 after acquiring an additional 21,293 shares during the period. Towerview LLC raised its stake in shares of Tejon Ranch by 0.5% in the 2nd quarter. Towerview LLC now owns 3,692,426 shares of the real estate development and agribusiness company’s stock valued at $61,257,000 after acquiring an additional 19,767 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Tejon Ranch by 351.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 24,252 shares of the real estate development and agribusiness company’s stock valued at $400,000 after acquiring an additional 18,876 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Tejon Ranch by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,680,736 shares of the real estate development and agribusiness company’s stock valued at $44,473,000 after acquiring an additional 18,486 shares during the period. Institutional investors own 71.40% of the company’s stock.

In other news, major shareholder Dt Four Partners, Llc purchased 10,847 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of $16.13 per share, with a total value of $174,962.11. Following the purchase, the insider now directly owns 975,300 shares of the company’s stock, valued at approximately $15,731,589. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 19.79% of the company’s stock.

Separately, ValuEngine raised shares of Tejon Ranch from a “hold” rating to a “buy” rating in a research note on Thursday.

Shares of TRC stock opened at $16.49 on Friday. The company’s fifty day simple moving average is $17.04 and its 200-day simple moving average is $17.21. Tejon Ranch has a 52 week low of $16.04 and a 52 week high of $20.10. The company has a current ratio of 5.29, a quick ratio of 4.71 and a debt-to-equity ratio of 0.14. The company has a market cap of $428.10 million, a PE ratio of 96.41 and a beta of 0.98.

Tejon Ranch (NYSE:TRC) last issued its earnings results on Thursday, August 1st. The real estate development and agribusiness company reported $0.03 EPS for the quarter. Tejon Ranch had a net margin of 9.90% and a return on equity of 1.06%. The business had revenue of $8.95 million for the quarter.

Tejon Ranch Profile

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.

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

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