Janney Montgomery Scott LLC Purchases New Shares in Terreno Realty Co. (NYSE:TRNO)

Janney Montgomery Scott LLC purchased a new stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,506 shares of the real estate investment trust's stock, valued at approximately $444,000.

Several other large investors have also recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new position in Terreno Realty in the 3rd quarter worth about $26,000. Assetmark Inc. increased its position in Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 381 shares during the last quarter. International Assets Investment Management LLC increased its position in Terreno Realty by 6,580.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 987 shares during the last quarter. Huntington National Bank increased its position in Terreno Realty by 7.4% in the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust's stock worth $171,000 after purchasing an additional 177 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Terreno Realty by 72.6% in the 3rd quarter. Blue Trust Inc. now owns 3,067 shares of the real estate investment trust's stock worth $205,000 after purchasing an additional 1,290 shares during the last quarter.

Terreno Realty Stock Performance

Terreno Realty stock traded up $0.76 during trading hours on Thursday, hitting $67.24. The stock had a trading volume of 999,993 shares, compared to its average volume of 892,827. The company has a 50-day moving average of $61.95 and a two-hundred day moving average of $64.05. The company has a quick ratio of 2.71, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.71 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, equities research analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be issued a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.91%. Terreno Realty's payout ratio is presently 102.08%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TRNO shares. Barclays reiterated an "equal weight" rating and set a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. JMP Securities reiterated a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a research note on Monday. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $60.00 price target for the company. BMO Capital Markets increased their target price on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday. Finally, Scotiabank decreased their target price on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $68.45.

Terreno Realty Company Profile

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.