Tejon Ranch Co. Price & Performance (TRC)

Tejon Ranch is embroiled in a high-stakes proxy contest as Bulldog Investors seeks to capture nearly 30% of board seats at the May 13 annual meeting. Management warns that Bulldog’s nominees lack the real estate expertise needed for California’s challenging regulatory environment, raising concerns about the long-term direction of the company’s master-planned communities.12

Tejon Ranch stock crossed above its 200-day moving average, trading as high as $17.23 before settling at $17.11. This technical milestone comes amid heightened investor attention, with recent earnings topping expectations and the company forecasting a slight loss for the current fiscal year despite improved quarterly results.34

Ahead of its annual meeting, Tejon Ranch’s board is highlighting its successful execution in real estate development and cash flow generation at the Tejon Ranch Commerce Center. The board urges shareholders to support its nominees, emphasizing the need for experienced leadership to navigate California’s complex land entitlement process and maximize long-term value.56