NEW YORK (

TheStreet

) --

Tejon Ranch Corporation

(NYSE:

TRC

) hit a new 52-week high Wednesday as it traded at $36.93 compared with its previous 52-Week high of $36.90. Tejon Ranch is changing hands at $36.88 with 13,640 shares traded as of 12:12 p.m. ET. Average volume has been 79,900 shares over the past 30 days.

Tejon Ranch has a market cap of $720.4 million and is part of the

financial

sector and

real estate

industry. Shares are up 33.6% year to date as of the close of trading on Tuesday.

Tejon Ranch Co. operates as a real estate development and agribusiness company in the United States. It operates in three segments: Commercial/Industrial Real Estate Development and Services; Resort/Residential Real Estate Development; and Farming. The company has a P/E ratio of 165.6, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates Tejon Ranch as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full

Tejon Ranch Ratings Report

.

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