TEJON RANCH (TRC)
Real Estate · Real Estate Development · NYSE
A California-based master-planned real estate developer and agribusiness operator leveraging one of the largest contiguous landholdings in the state.
What TEJON RANCH does
Tejon Ranch is a diversified real estate development and agribusiness company that manages approximately 270,000 acres of contiguous land in California. Its operations are centered on the Tejon Ranch Commerce Center (TRCC), a large-scale mixed-use industrial and commercial hub, alongside residential development projects and agricultural, mineral, and ranching activities. The company creates long-term shareholder value through land entitlement, infrastructure investment, and leasing/monetization strategies.
Recent developments
The company launched a new industrial joint venture with Dedeaux Properties at the Tejon Ranch Commerce Center and is currently in the re-entitlement process for the Centennial residential project. Terra Vista at Tejon (multifamily) continues its lease-up phase, with occupancy surpassing 80% as of Q2 2026.
From TEJON RANCH's filing of 2026-08-06.
Themes: industrial development, master-planned communities, multifamily residential, agribusiness, land monetization, water rights
Fundamentals
- Price$16.40 as of 2026-10-08 close
- Market cap$443M as of 2026-08-03 (share count; price 2026-10-08)
- 1-year return+4.0% 2025-10-08 close $15.77 → 2026-10-08 close $16.40
- P/E264.09 as of 2026-10-08
- Net margin+0.2% FY2025, SEC XBRL
- Gross margin+29.2% FY2025, SEC XBRL
- ROE+0.0% FY2025, SEC XBRL
- Debt / equity0.20 as of 2026-09-02
- Revenue growth (YoY)+19.2% as of 2026-09-02
- Revenue CAGR (3y)-14.5% SEC XBRL
- Beta0.32 as of 2026-09-02
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
How TRC compares in its sector
- price-to-earnings ratiotop 10% 120 covered Real Estate peers, as of 2026-10-08
- net profit marginbottom 25% 154 covered Real Estate peers, as of 2026-09-02
- operating marginbottom 10% 96 covered Real Estate peers, as of 2026-09-02
- gross marginbottom 25% 23 covered Real Estate peers, as of 2026-09-02
- return on equitybottom 25% 158 covered Real Estate peers, as of 2026-09-02
- 3-year revenue CAGRbottom 10% 155 covered Real Estate peers
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How TEJON RANCH looks technically
TEJON RANCH (TRC) is trading 7.1% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 31 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 14, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 52, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 31 trading days ago. It is 23.0% below its highest point of the past year. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 4% of the past ~6 months), which often precedes a bigger move. Trading volume is unusually light — only about 43% of its 30-day average.
Trend
8
| Distance from the 200-day | it is trading 7.1% below its 200-day average, the long-term trend line — a long-term downtrend | -7.1% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $16.34 | $16.34 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $17.66 | $17.66 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 22 calendar days ago — the swings before that are what the structure reading is measured on | 22 sessions |
| Wave structure | its recent swings can be read as a completed five-part downward sequence — the pattern Elliott-wave chartists call an impulse — which on that reading would now be due a pullback rather than more of the same; the labelling fails if price closes below 15.8. It is the only labelling that fits, and it describes the swings already printed, not what comes next. | possible five-wave downward sequence, complete |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 31 trading days ago — a "death cross", a bearish long-term signal | 31 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 14, below the 25 that marks a real trend) | 14.3 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 52, neither overbought (above 70) nor oversold (below 30) | 51.7 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($15.90 to $16.73) — its "stochastic" reading is 60 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 60.2 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 38 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $21.31 | $21.31 |
|---|---|---|
| From the 52-week high | it is 23.0% below its 52-week high (its highest price of the past year) | -23.0% |
| Above the 52-week low | it is 7.1% above its 52-week low (its lowest price of the past year) | +7.1% |
| Below the 52-week high | it is 23.0% below its highest point of the past year | 23.0% |
| Since a 20-day breakout | it made a new 20-day low about 31 trading days ago | 31 sessions |
| Since a 55-day breakout | it made a new 55-day low about 31 trading days ago | 31 sessions |
| All-time high | its highest closing price on record is $59.52 (set on 2005-08-02) | $59.52 |
| Given back of the 52-week move | over the past year its closes ranged ($15.53 to $20.48), and it has given back almost all of its rise from last year’s low — 82% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $17.26 to $17.42. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 82.4% |
| From the all-time high | it is 72.4% below its all-time high | -72.5% |
| Nearest price level | it is sitting right on a resistance level at $16.40 — a price it turned at 13 times since 2025-01-06, most recently on 2026-08-12. Since 2024-10-08 it has 3 such levels below the current price and 7 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.0% |
| All-time low | its lowest closing price on record is $12.12 (set on 2020-03-23) | $12.12 |
| Above the all-time low | it is 35.3% above its all-time low | +35.3% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 4% of the past ~6 months), which often precedes a bigger move | 4th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.3234 between its high and its low — about 2.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.3234 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $15.89 and $16.59 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $15.89 – $16.24 – $16.59 |
| Typical daily range (% of price) | its price moves about 2.0% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.0% |
| Stretch from the 200-day average | it is trading 3.9 daily ranges below its 200-day average price (7.1% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 3.9 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is unusually light — only about 43% of its 30-day average | 0.43× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
1
| Since a bullish engulfing | today it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | today |
|---|
Price gaps
2
| Gap at the open | it opened on 2026-10-08 at essentially the same price it closed at the session before — no meaningful overnight gap | 0.0% |
|---|---|---|
| Gap filled | a 3.7% gap up opened on 2026-08-06 has been "filled" 44 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 44 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 2.1 percentage points (the stock lost 1.0% while the market gained 1.0%) | -2.1% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 14.3 percentage points (the stock lost 10.4% while the market gained 3.8%) | -14.3% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 32.1 percentage points (the stock lost 14.7% while the market gained 17.5%) | -32.1% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 11.0 percentage points (the stock gained 4.0% while the market gained 15.0%) | -11.0% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: MACD momentum is positive — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.9% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 5.7% of the share price. | -0.9% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 6% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $17.46 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP. | -6.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 1% above the average price paid since it last reported on 2026-08-06 (its 10-Q), so the typical buyer over that stretch is showing a gain. That average is $16.29 — a volume-weighted average of daily closes over 45 sessions, not a true tick-by-tick VWAP. | +0.7% |
Price levels it has turned at before
TRC last closed at $16.40 on 2026-10-08. Since 2024-10-08 it has turned at 3 prices below its last close and 7 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $16.40 | Resistance | at the last close | turned there 13 times · 2025-01-06 to 2026-08-12 |
| $16.85 | Resistance | 2.7% above the last close | turned there 10 times · 2024-10-16 to 2026-09-10 |
| $15.83 | Support | 3.5% below the last close | turned there five times · 2025-05-09 to 2026-09-16 |
| $15.52 | Support | 5.4% below the last close | turned there 9 times · 2024-11-05 to 2026-01-02 |
| $17.57 | Resistance | 7.1% above the last close | turned there four times · 2024-11-07 to 2025-08-22 |
| $15.05 | Support | 8.3% below the last close | turned there three times · 2025-01-13 to 2025-04-09 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $15.80.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 12 trading days, since 2026-09-23.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · in a Bollinger Band volatility squeeze · trendless / choppy (low ADX) · lagging the market · Printed a bullish engulfing pair | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low · bollinger bands · volume and relative volume
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$26.25 range $26.25 – $26.25
Analyst estimates, as of 2026-10-06. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Key risks (from latest filing)
["Significant dependence on the Tejon Ranch Commerce Center for revenue and earnings.","Exposure to legal and regulatory risks regarding land entitlement approvals and environmental litigation.","Sensitivity of financial performance to fluctuations in the timing of land sales and commodity prices."]
What changed in the latest 10-Q
AI-assisted comparison of TRC's 10-Q filed 2026-05-11 against the prior one filed 2025-11-06.
Management's Discussion & Analysis (MD&A)
- Added:
- Added mention of 'designed to' and 'envisioned to' as forward-looking statement identifiers in the newer 2026-05-11 filing
- Added reference to 'Part I, Item 1A "Risk Factors" of our most recent Annual Report on Form 10-K' instead of just 'Risk Factors' section in the newer filing
- Added description of TRCC as '20 million-square-foot commercial and industrial development' with specific tenant examples (IKEA, L'Oréal, Dollar General) in the newer filing
- Added information about TRC's portfolio comprising 'approximately 3.4 million square feet of gross leasable area' in the newer filing
- Added reference to broader TRCC development totaling 'over 8 million square feet' with major third-party users in the newer filing
- Added statement that Multifamily was 'begun reporting...as a separate operating segment in 2025' in the newer filing
- Added detailed description of Terra Vista at Tejon lease-up phase and expected future rental revenues in the newer filing
- Added statement that 're-entitlement will involve processing project and use entitlements that are substantively similar to the Centennial approvals...in 2019' in the newer filing
- Added 'There have been no material developments during the three months ended March 31, 2026, that would change that conclusion' regarding Centennial litigation in the newer filing
- Removed:
- Removed opening statement about being 'a diversified real estate development and agribusiness company committed to creating value for our shareholders by responsibly using our land and resources' from the newer filing
- Removed reference to 'in support of these objectives, we have been investing in land planning and entitlement activities' language from the newer filing
- Removed statement that TRCC 'was entitled and prevailed in litigation in 2007, and has been under continuous development since' from the newer filing
- Removed detailed description of Mountain Village and Grapevine litigation history (prevailed in 2012 and 2021 respectively) from the newer filing
- Removed detailed chronology of Centennial litigation from May 2019 through June 26, 2025 Court of Appeal decision from the newer filing
- Removed reference to 'preparing supplemental environmental documentation and analysis for the Centennial project to address the Superior Court's final judgment and the Court of Appeals decision' from the newer filing
- Removed reference to Note 11 (Commitments and Contingencies) regarding Centennial litigation from the newer filing
- Removed statement that 'In the second quarter of 2025, our real estate operations expanded to include residential leasing with the launch of Terra Vista at Tejon' from the newer filing
- Removed statement that Terra Vista 'Leasing commenced in May and welcomed its first residents' from the newer filing
- Removed statement describing five reporting segments in the older filing (now lists six segments in newer filing)
- Reworded:
- Changed from 'as diversified real estate development and agribusiness company' to focused description of California-based company with specific TRCC emphasis in newer filing
- Changed from general strategy language about 'strategic improvement and monetization' to specific language about 'development, leasing, and monetization' in the newer filing
- Changed description of primary objective from 'through the strategic improvement and monetization of our land-based assets' to 'through the development, leasing, and monetization of our land-based assets' in the newer filing
- Changed Centennial status from ongoing litigation defense to 'considers that litigation resolved' in the newer filing
- Changed approach to Centennial from 'preparing supplemental environmental documentation' to 'is in the process of working with LA County to advance the Centennial project and is seeking re-entitlement'
- Changed from describing TRCC as 'entitled and prevailed in litigation in 2007' to describing it as 'mixed-use master planned community' at TRCC in newer filing
- Changed description of business segments from five to six segments due to separation of Multifamily as distinct segment in the newer filing
- Notes:
- The older filing text appears truncated at the end ('At the he'), limiting full comparison of final business segment descriptions
- Centennial litigation discussion differs significantly between filings due to intervening Court of Appeal decision in June 2025, affecting both removal and addition assessments
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for TRC — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding TRC as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 2,606,352
- Reported value $48,738,781
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 5 increased, 0 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about TRC's institutional holders → See what each manager we track holds →
Short interest (FINRA)
TRC had 1,658,238 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
TRC had 6.14% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 11.56 days to cover at the same settlement.
- Reported short interest (shares) 1,658,238
- Short interest (% of shares outstanding) 6.14%
- Prior settlement (shares) 1,467,171
- Reported change 13.02%
- Days to cover (reported) 11.56
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Prologis (PLD)
- Rexford Industrial Realty (REXR)
- Duke Realty (DRE)
- Irvine Company
- Granite Properties
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare TRC vs…
TRC ranks in…
Frequently asked questions
What does TEJON RANCH (TRC) do?
Tejon Ranch is a diversified real estate development and agribusiness company that manages approximately 270,000 acres of contiguous land in California. Its operations are centered on the Tejon Ranch Commerce Center (TRCC), a large-scale mixed-use industrial and commercial hub, alongside residential development projects and agricultural, mineral, and ranching activities.
What sector is TEJON RANCH (TRC) in?
TEJON RANCH (TRC) is classified in the Real Estate sector. Its industry is Real Estate Development. It trades on NYSE.
Who are TEJON RANCH's (TRC) competitors?
Notable peers of TEJON RANCH (TRC) include Prologis, Rexford Industrial Realty, Duke Realty, Irvine Company and Granite Properties. This peer set is informational only — not financial advice.
Is TEJON RANCH (TRC) overbought or oversold right now?
TEJON RANCH (TRC) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 52, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on TRC come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.