TEJON RANCH (TRC)
Real Estate · Mixed-use real estate development / Industrial parks and multifamily · NYSE
Tejon Ranch is a large-scale California land developer anchored by the fully-leased Tejon Ranch Commerce Center industrial park, with long-term residential entitlements and diversified agricultural/mineral operations across 270,000 acres.
What TEJON RANCH does
Tejon Ranch is a diversified real estate development company anchored by the Tejon Ranch Commerce Center (TRCC), a 20 million-square-foot commercial and industrial development along Interstate 5. The company operates across six segments including commercial/industrial real estate leasing at TRCC, multifamily residential development (Terra Vista at Tejon), mineral resources, farming, and ranching activities across approximately 270,000 acres of contiguous California landholdings. The company also holds long-term entitlements for large-scale master-planned residential communities representing over 35,000 housing units.
Themes: Commercial real estate / industrial parks, Multifamily residential development, Master-planned communities, Land entitlements and real estate development, Mineral resources / mining, Agricultural operations
Fundamentals
- Price$16.44 as of 2026-08-21 close
- Market cap$444M as of 2026-08-21
- 1-year return-5.0% 2025-08-21 close $17.31 → 2026-08-21 close $16.44
- P/E261.10 as of 2026-08-24
- Net margin+3.3% as of 2026-08-24
- Gross margin+13.4% as of 2026-08-24
- ROE+0.4% as of 2026-08-24
- Debt / equity0.20 as of 2026-08-24
- Revenue growth (YoY)+19.2% as of 2026-08-24
- Revenue CAGR (3y)-14.5% SEC XBRL
- Beta0.56 as of 2026-08-24
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
How TRC compares in its sector
- price-to-earnings ratiotop 10% 122 covered Real Estate peers, as of 2026-08-24
- net profit marginmiddle range 161 covered Real Estate peers, as of 2026-08-24
- operating marginbottom 25% 161 covered Real Estate peers, as of 2026-08-24
- gross marginbottom 10% 156 covered Real Estate peers, as of 2026-08-24
- return on equitymiddle range 162 covered Real Estate peers, as of 2026-08-24
- 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 6.8% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 111 trading days ago — a "golden cross", a bullish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 21 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 35, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 5 trading days ago (its momentum flipped positive). It made a new 20-day low about 8 trading days ago. It is 22.9% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 6.8% below its 200-day average, the long-term trend line — a long-term downtrend | -6.8% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $17.77 | $17.77 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $17.63 | $17.63 |
| 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 9 calendar days ago — the swings before that are what the structure reading is measured on | 9 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that downward direction; the labelling fails if price closes above 18.105. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a completed three-part correction. | possible downward five-wave sequence, in wave 4 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 111 trading days ago — a "golden cross", a bullish long-term signal | 111 sessions |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 21 (a reading of 25+ marks a strong trend) | 21.2 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 35, neither overbought (above 70) nor oversold (below 30) | 35.3 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($16.29 to $17.12) — its "stochastic" reading is 18 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 slipping within that range over the last few sessions. | 18.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 5 trading days ago (its momentum flipped positive) | 5 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 22.9% below its 52-week high (its highest price of the past year) | -22.9% |
| Above the 52-week low | it is 7.4% above its 52-week low (its lowest price of the past year) | +7.4% |
| Below the 52-week high | it is 22.9% below its highest point of the past year | 22.9% |
| Since a 20-day breakout | it made a new 20-day low about 8 trading days ago | 8 sessions |
| Since a 55-day breakout | it made a new 55-day low about 8 trading days ago | 8 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. | 81.6% |
| From the all-time high | it is 72.4% below its all-time high | -72.4% |
| Nearest price level | it is sitting right on a support level at $16.40 — a price it turned at 14 times since 2024-10-10, most recently on 2026-08-12. Since 2024-08-21 it has 4 such levels below the current price and 6 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -0.2% |
| 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 35.6% above its all-time low | +35.6% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 60th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.3657 between its high and its low — about 2.2% 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 | $0.3657 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $15.99 and $17.37 — 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 | $15.99 – $16.68 – $17.37 |
| Typical daily range (% of price) | its price moves about 2.2% in a typical session — calmer than most companies we cover. 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 | 2.2% |
| Stretch from the 200-day average | it is trading 3.3 daily ranges below its 200-day average price (6.8% 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 | 3.3 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.26× |
|---|
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
3
| Since a doji | 8 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 8 sessions ago |
|---|---|---|
| Since a bullish engulfing | 4 sessions ago 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 | 4 sessions ago |
| Since a bearish engulfing | 7 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 7 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 0.1% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.1% |
|---|---|---|
| Gap filled | a 3.7% gap up opened on 2026-08-06 has been "filled" 11 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 11 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -0.54% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 10.6 percentage points (the stock lost 8.3% while the market gained 2.3%) | -10.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 18.6 percentage points (the stock lost 15.5% while the market gained 3.1%) | -18.6% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 15.7 percentage points (the stock lost 4.6% while the market gained 11.1%) | -15.7% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 25.5 percentage points (the stock lost 5.0% while the market gained 20.5%) | -25.5% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, MACD momentum is positive, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: 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 | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 12% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 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 5.9% of the share price. | -12.1% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 8% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $17.86 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | -7.9% |
|---|---|---|
| Vs the average paid since it last reported | the price is sitting right on the average price paid since it last reported on 2026-08-06 (its 10-Q), so the typical buyer over that stretch is roughly break-even. That average is $16.47 — a volume-weighted average of daily closes over 12 sessions, not a true tick-by-tick VWAP. | -0.2% |
Price levels it has turned at before
TRC last closed at $16.44 on 2026-08-21. Since 2024-08-21 it has turned at 4 prices below its last close and 6 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $16.40 | Support | 0.2% below the last close | turned there 14 times · 2024-10-10 to 2026-08-12 |
| $16.85 | Resistance | 2.5% above the last close | turned there 9 times · 2024-09-06 to 2026-01-15 |
| $15.85 | Support | 3.6% below the last close | turned there three times · 2025-05-09 to 2026-01-30 |
| $15.52 | Support | 5.6% below the last close | turned there 9 times · 2024-11-05 to 2026-01-02 |
| $17.57 | Resistance | 6.9% above the last close | turned there four times · 2024-11-07 to 2025-08-22 |
| $18.12 | Resistance | 10.2% above the last close | turned there three times · 2025-07-18 to 2026-06-25 |
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 in leg 4 of five, a pullback against that direction.
This labelling fails — stops being a possible reading at all — if it closes above $18.11.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $16.96 and $17.72 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a completed three-part correction, which fails on a close below $16.29.
This reading has stood for 3 trading days, since 2026-08-19.
Read from daily closes as of 2026-08-21.
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 · MACD just crossed bullish (12/26/9) · lagging the market · At the bottom of its 14-day range (stochastic below 20) · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. 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 2026-08-17. 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)
["Land entitlement litigation: Centennial project approvals were challenged in Los Angeles County Superior Court; a 2022 decision rescinded certain approvals, creating uncertainty around residential development timeline and returns","Capital intensity and market cyclicality: Real estate development projects require substantial upfront capital with returns dependent on market conditions, interest rates, and tenant/buyer demand; Terra Vista lease-up is ongoing and subject to market absorption rates","Land concentration and leverage: Approximately 270,000 acres represent a concentrated asset base; the company has a $95.4 million revolving credit line and relies on capital allocation decisions that could constrain future development if market conditions deteriorate"]
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
Risk Factors
The two filings could not be meaningfully compared for this section.
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 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 2,459,760
- Reported value $46,341,873
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 4 increased, 1 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.
Short interest (FINRA)
TRC had 1,227,684 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
TRC had 4.54% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 11.34 days to cover at the same settlement.
- Reported short interest (shares) 1,227,684
- Short interest (% of shares outstanding) 4.54%
- Prior settlement (shares) 1,092,693
- Reported change 12.35%
- Days to cover (reported) 11.34
Reported to FINRA as of the 2026-07-31 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)
- Industrial Logistics Properties Trust (ILPT)
- Monmouth Real Estate Investment Corporation
- Duke Realty (DRE)
- EastGroup Properties (EGP)
- Tricon Residential (TCN)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare TRC vs…
Frequently asked questions
What does TEJON RANCH (TRC) do?
Tejon Ranch is a diversified real estate development company anchored by the Tejon Ranch Commerce Center (TRCC), a 20 million-square-foot commercial and industrial development along Interstate 5. The company operates across six segments including commercial/industrial real estate leasing at TRCC, multifamily residential development (Terra Vista at Tejon), mineral resources, farming, and ranching activities across approximately 270,000 acres of contiguous California landholdings.
What sector is TEJON RANCH (TRC) in?
TEJON RANCH (TRC) is classified in the Real Estate sector. Its industry is Mixed-use real estate development / Industrial parks and multifamily. It trades on NYSE.
Who are TEJON RANCH's (TRC) competitors?
Notable peers of TEJON RANCH (TRC) include Prologis, Industrial Logistics Properties Trust, Monmouth Real Estate Investment Corporation, Duke Realty and EastGroup 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 35, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on TRC come from?
Fundamentals and prices come from market data, as of 2026-08-24; 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: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.