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Tejon Ranch CoNYSE: TRC

Profile

Industry:

Conglomerates

Country:

United States

IPO:

17 March 1980

Next earnings report:

06 March 2025

Last dividends:

17 November 1999

Next dividends:

N/A
$421.65 M
-22%vs. 3y high
38%vs. sector
-vs. 3y high
-vs. sector
-25%vs. 3y high
26%vs. sector
-21%vs. 3y high
96%vs. sector

Price

pre-market | 36 min ago
$15.72$0.00(0.00%)

Dividend

No data over the past 3 years
$10.86 M$15.53 M
$10.86 M-$1.84 M

Analysts recommendations

Institutional Ownership

TRC Latest News

Land Rich, Profit Poor: Unpacking Tejon Ranch's Ambitions
seekingalpha.com07 November 2024 Sentiment: NEGATIVE

Tejon Ranch Co. is a high-risk stock with inconsistent financials, a sky-high P/E ratio, and ongoing legal issues, making it a 'Sell.' Despite a recent performance boost, Tejon Ranch's revenue has been declining, and large real estate projects are stalled due to environmental lawsuits. The company is heavily investing in real estate projects, but these are not yet profitable, leading to increased debt and operational losses.

Tejon Ranch Co. Names New Senior Vice President- Corporate Communications and Public Affairs
globenewswire.com24 September 2024 Sentiment: POSITIVE

TEJON RANCH, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today that Nicholas (Nick) T.

Magna Recommends Rejection of "Mini-Tender" Offer
globenewswire.com09 August 2024 Sentiment: NEGATIVE

AURORA, Ontario, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported that it has received notice of an unsolicited mini-tender offer made by TRC Capital Investment Corporation (“TRC Capital”) to purchase up to 2,000,000 Magna Common Shares, or less than 1% of Magna's outstanding Common Shares, at a price of CDN $57.90 per share. Magna cautions shareholders that the mini-tender offer has been made at a price below recent market prices, representing a discount of 4.49% to the closing price of Magna's Common Shares on the Toronto Stock Exchange (“TSX”) on July 29, 2024, the last trading day before the mini-tender offer commenced. Although the offering price represents a premium of 7.58% to yesterday's closing price of Magna Common Shares on the TSX of CDN $53.82, the offer is highly conditional. TRC Capital's offer states that it may withdraw its offer if, among other things, the market price of Magna Common Shares falls below CDN $57.58, for reference, the closing price on the TSX for Magna Common Shares on August 8, 2024, was CDN $53.82, which is already below this threshold; additionally, TRC Capital's offer is not fully funded and is conditioned upon receipt of necessary financing on terms it deems reasonable in its sole discretion.

Tejon Ranch Co. Announces Second Quarter 2024 Financial Results
globenewswire.com06 August 2024 Sentiment: POSITIVE

TEJON RANCH, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co., or the Company, (NYSE:TRC), a diversified real estate development and agribusiness company, today announced financial results for the three and six-months ended June 30, 2024.

Hydro One Limited recommends shareholders reject TRC Capital's below-market "mini tender" offer for common shares
prnewswire.com22 July 2024 Sentiment: NEGATIVE

TORONTO , July 22, 2024 /PRNewswire/ - Hydro One Limited (TSX: H) ("Hydro One") has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 2,500,000 common shares of Hydro One ("common shares"), or approximately 0.42% of the outstanding common shares of Hydro One as at July 19, 2024, at a below-market price of CAD$38.10 per share in cash. Hydro One does not endorse TRC Capital's unsolicited offer, is not affiliated or associated with TRC Capital or its offer and recommends that shareholders do not tender their common shares to the offer.

Solventum Cautions Investors Regarding TRC Capital's "Mini-Tender Offer"
prnewswire.com07 June 2024 Sentiment: NEGATIVE

ST. PAUL, Minn., June 7, 2024 /PRNewswire/ -- Solventum (NYSE: SOLV) has been notified that TRC Capital Investment Corporation ("TRC") made an unsolicited "mini-tender offer" to purchase up to 2,000,000 shares of the company's common stock at $59.15 per share and decreased the offer price on June 6, 2024, to $55.00 per share.

TRC Amends Its Tender Offer for Solventum Corporation
globenewswire.com06 June 2024 Sentiment: NEGATIVE

TORONTO, June 06, 2024 (GLOBE NEWSWIRE) -- TRC Capital Investment Corporation (TRC) announced today that based on current market conditions, TRC has amended the terms of its tender offer for up to 2,000,000 common shares of Solventum Corporation (the Company) and has decreased the offer price payable to US$55.00 per share from US$59.15 per share.

What type of business is Tejon Ranch Co?

Tejon Ranch Co., together with its subsidiaries, 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 planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development. It is also involved in the activities related to communications leases, a power plant lease, and landscape maintenance. This segment leases land to various auto service stations with convenience stores, fast-food operations, service diner-style restaurant, a motel, an antique shop, and a post office; various microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes; and package of land for an electric power plant. The Resort/Residential Real Estate Development segment engages in land entitlement, planning, pre-construction engineering, stewardship, and conservation activities. The Mineral Resources segment includes oil and gas royalties, rock and aggregate royalties, and royalties from a cement operation leased to National Cement Company of California, Inc.; and the management of water assets and infrastructure projects. The Farming segment farms permanent crops, such as wine grapes, almonds, and pistachios in package of land. It also manages the farming of alfalfa and forage mix on package of land in the Antelope Valley; and leases package of land for growing vegetables, as well as almonds. The Ranch Operations segment provides game management and ancillary land services comprising grazing leases and filming, as well as various guided hunts. Tejon Ranch Co. was founded in 1843 and is based in Lebec, California.

What sector is Tejon Ranch Co in?

Tejon Ranch Co is in the Industrials sector

What industry is Tejon Ranch Co in?

Tejon Ranch Co is in the Conglomerates industry

What country is Tejon Ranch Co from?

Tejon Ranch Co is headquartered in United States

When did Tejon Ranch Co go public?

Tejon Ranch Co initial public offering (IPO) was on 17 March 1980

What is Tejon Ranch Co website?

https://tejonranch.com

Is Tejon Ranch Co in the S&P 500?

No, Tejon Ranch Co is not included in the S&P 500 index

Is Tejon Ranch Co in the NASDAQ 100?

No, Tejon Ranch Co is not included in the NASDAQ 100 index

Is Tejon Ranch Co in the Dow Jones?

No, Tejon Ranch Co is not included in the Dow Jones index

When was Tejon Ranch Co the previous earnings report?

No data

When does Tejon Ranch Co earnings report?

The next expected earnings date for Tejon Ranch Co is 06 March 2025