Tejon Ranch Company (NYSE:TRC) today announced its intention to divest itself of its livestock division assets as a part of its strategic transition to a real estate oriented company. "While cattle ranching will always be a very important part of our heritage and our brand, a decision to out-source the ownership and management of this business to a first class cattle operator will allow us to focus our efforts and resources on investing in our real estate assets," said President and CEO Robert A.