Tejon Ranch Company is a growth-oriented, diversified real estate development and agribusiness company whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 25 miles south of Bakersfield. Tejon Ranch is positioned for growth with its fully operational commercial/industrial real estate development and three master planned communities on the horizon.
The Company’s activities are performed through its five major business segments:
Real Estate - Commercial/Industrial development, which oversees development, commercial sales and leasing, land planning and entitlement, and income portfolio management.
Real Estate - Resort/Residential development, which manages land entitlement, land planning, and pre-construction activities such as engineering, and conservation activities.
Mineral Resources, which consists of the active management of oil and gas royalties, rock and aggregate royalties, royalties from a cement operation, and the management of our water assets.
Farming produces and sells almonds, pistachios, and wine grapes.
Ranch Operations which includes grazing leases, hunting programs and location filming.
Company profile
Ticker
TRC
Exchange
Website
CEO
Gregory Bielli
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
A. Registrant: Tejon Ranch Co. ...
IRS number
770196136
TRC stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
24 Mar 23
8-K
Amendments to Articles of Incorporation or Bylaws
24 Mar 23
10-K
2022 FY
Annual report
8 Mar 23
10-Q
2022 Q3
Quarterly report
7 Nov 22
10-Q
2022 Q2
Quarterly report
3 Aug 22
EFFECT
Notice of effectiveness
20 May 22
CORRESP
Correspondence with SEC
16 May 22
8-K
Submission of Matters to a Vote of Security Holders
12 May 22
UPLOAD
Letter from SEC
10 May 22
10-Q
2022 Q1
Quarterly report
9 May 22
Latest ownership filings
4
DANIEL R TISCH
27 Mar 23
4
Robert D Velasquez
10 Mar 23
4
Hugh F. IV McMahon
10 Mar 23
4
Marc William Hardy
10 Mar 23
4
ALLEN E LYDA
10 Mar 23
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
SC 13G/A
BlackRock Inc.
1 Feb 23
4
MICHAEL H WINER
10 Jan 23
4
GEOFFREY L STACK
10 Jan 23
4
Rhea Frawn Morgan
10 Jan 23
Financial summary
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| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Institutional ownership, Q4 2022
60.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 99 |
| Opened positions | 8 |
| Closed positions | 6 |
| Increased positions | 29 |
| Reduced positions | 30 |
| 13F shares | Current |
|---|---|
| Total value | 230.46 bn |
| Total shares | 16.11 mm |
| Total puts | 5.40 k |
| Total calls | 2.21 k |
| Total put/call ratio | 2.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Towerview | 3.82 mm | $71.87 bn |
| Dimensional Fund Advisors | 1.51 mm | $28.45 mm |
| BLK Blackrock | 1.49 mm | $28.16 bn |
| Vanguard | 1.09 mm | $20.58 bn |
| Horizon Kinetics Asset Management | 1.01 mm | $19.03 bn |
| Gamco Investors | 596.92 k | $11.25 bn |
| FMR | 529.42 k | $9.97 bn |
| Royce & Associates | 468.81 k | $8.83 mm |
| STT State Street | 468.11 k | $8.82 bn |
| Renaissance Technologies | 438.55 k | $8.26 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 24 Mar 23 | Towerview | Common Stock | Buy | Acquire P | No | No | 17 | 11,329 | 192.59 k | 3,826,329 |
| 10 Mar 23 | Lyda Allen E | Tejon Ranch Co. Common Stock | Payment of exercise | Dispose F | No | No | 18.97 | 29,548 | 560.53 k | 193,944 |
| 10 Mar 23 | Lyda Allen E | Tejon Ranch Co. Common Stock | Grant | Acquire A | No | No | 18.97 | 60,520 | 1.15 mm | 223,492 |
| 10 Mar 23 | Marc William Hardy | Tejon Ranch Co. Common Stock | Payment of exercise | Dispose F | No | No | 18.97 | 2,142 | 40.63 k | 1,899 |
| 10 Mar 23 | Marc William Hardy | Tejon Ranch Co. Common Stock | Grant | Acquire A | No | No | 18.97 | 4,041 | 76.66 k | 4,041 |
| 10 Mar 23 | McMahon Hugh F. IV | Tejon Ranch Co. Common Stock | Payment of exercise | Dispose F | No | No | 18.97 | 21,666 | 411.00 k | 68,042 |
| 10 Mar 23 | McMahon Hugh F. IV | Tejon Ranch Co. Common Stock | Grant | Acquire A | No | No | 18.97 | 45,514 | 863.40 k | 89,708 |
| 10 Mar 23 | Velasquez Robert D | Tejon Ranch Co. Common Stock | Payment of exercise | Dispose F | No | No | 18.97 | 16,321 | 309.61 k | 37,767 |
| 10 Mar 23 | Velasquez Robert D | Tejon Ranch Co. Common Stock | Grant | Acquire A | No | No | 18.97 | 30,525 | 579.06 k | 54,088 |
Press releases
Tejon Ranch Co. to Evaluate All Options to Proceed With the Eventual Development of Centennial at Tejon Ranch Following Court Ruling
27 Mar 23
Tejon Ranch Co. Announces Fourth Quarter and Year-Ended December 31, 2022 Financial Results
8 Mar 23
Tejon Ranch Co. and Majestic Realty Co. Joint Venture Announce Pre-Lease of Upcoming Industrial Building at the Tejon Ranch Commerce Center (TRCC)
5 Jan 23