Tejon Ranch Co. (TRC)

In the past six months, Tejon Ranch Co.'s stock has been influenced by its Third Quarter 2025 financial results, which exceeded revenue and EPS expectations, leading to a stock increase. Analyst ratings have been adjusted, with Wall Street Zen and Weiss Ratings upgrading Tejon Ranch to a "hold" rating. Insider trading activity was noted on January 13, 2026, with director Steven A. Betts buying 1,518 shares. As of January 9, 2026, the stock price was $15.96 per share, representing an increase from January 10, 2025. The 52-week trading range has been between $14.90 and $19.39.

Demand seasonality for Tejon Ranch Co.'s products and services is evident across its diverse operations. The Farming segment is inherently seasonal, with revenues showing improvement in Q3 2025. The Mineral Resources segment can experience weather-related impacts. Ranch Operations, such as guided game hunts, may also have seasonal demand. The pace of Real Estate Development can be influenced by broader economic conditions and regulatory cycles.

Tejon Ranch Co. is a diversified real estate development and agribusiness company headquartered in Lebec, California, with a 270,000-acre landholding. It operates across 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 focuses on infrastructure projects and buildings for lease or sale, including the Tejon Ranch Commerce Center (TRCC). The Resort/Residential Real Estate Development segment focuses on land entitlement, planning, and pre-construction for master-planned communities. The Mineral Resources segment generates royalty revenues from oil and gas leases, rock and aggregate operations, and manages water assets. The Farming segment cultivates and sells permanent crops and leases land for growing vegetables and almonds. Ranch Operations encompass grazing leases, game management, land maintenance, and ancillary land uses.

Tejon Ranch Co. owns over 270,000 acres in California, situated in the southern San Joaquin Valley, Tehachapi Mountains, and Antelope Valley, approximately 60 miles north of Los Angeles and 25-30 miles south of Bakersfield.

Tejon Ranch Co.'s reputation has been influenced by a proxy contest with Bulldog Investors, with Kern County Leaders supporting the Tejon Ranch Co. Board. The Third Quarter 2025 earnings call highlighted both positive and challenging aspects. The upcoming opening of the Hard Rock Tejon Casino is anticipated to significantly boost traffic and benefit the company's retail assets. Tejon Ranch emphasizes its commitment to environmental stewardship.

Tejon Ranch Co. has a mixed ownership structure, with institutional investors holding approximately 50.10% to 68.23% of the stock, insiders holding around 4.63% to 48.40%, and public companies and individual investors holding the remainder. Major institutional owners include Towerview Llc, Vanguard Group Inc, and Horizon Kinetics Asset Management Llc. Significant individual and insider owners include Wesley Capital Partners LLC, Donald Haskell, and Diarmuid McNamee.