Aptus Capital Advisors LLC Raises Stake in Terreno Realty Co. (NYSE:TRNO)

Aptus Capital Advisors LLC increased its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 15.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,679 shares of the real estate investment trust's stock after acquiring an additional 8,307 shares during the quarter. Aptus Capital Advisors LLC owned about 0.06% of Terreno Realty worth $4,122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Terreno Realty during the 3rd quarter valued at $26,000. Assetmark Inc. increased its stake 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 valued at $27,000 after buying an additional 381 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Terreno Realty during the second quarter worth about $48,000. EntryPoint Capital LLC boosted its holdings in shares of Terreno Realty by 80.3% in the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 419 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Terreno Realty by 6,580.0% in the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 987 shares during the last quarter.

Terreno Realty Stock Up 1.3 %

TRNO stock traded up $0.81 during trading on Wednesday, reaching $61.81. 694,894 shares of the stock were exchanged, compared to its average volume of 709,005. The firm's 50 day moving average is $65.00 and its 200 day moving average is $62.88. The firm has a market cap of $6.16 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 2.81 and a beta of 0.90. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The business had revenue of $99.64 million for the quarter, compared to the consensus estimate of $96.31 million. As a group, research analysts forecast that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, December 13th. Terreno Realty's dividend payout ratio (DPR) is presently 107.69%.

Analyst Ratings Changes

Several brokerages have issued reports on TRNO. The Goldman Sachs Group raised their price objective on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Wells Fargo & Company downgraded shares of Terreno Realty from an "overweight" rating to an "equal weight" rating and raised their price target for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. Mizuho reissued an "underperform" rating and set a $62.00 price objective on shares of Terreno Realty in a report on Thursday, September 5th. Wedbush reissued a "neutral" rating and set a $70.00 target price (up from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Finally, StockNews.com cut Terreno Realty from a "hold" rating to a "sell" rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $69.22.

About Terreno Realty

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.