Barclays PLC Buys 96,380 Shares of Terreno Realty Co. (NYSE:TRNO)

Barclays PLC lifted its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 131.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,980 shares of the real estate investment trust's stock after purchasing an additional 96,380 shares during the quarter. Barclays PLC owned 0.17% of Terreno Realty worth $11,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRNO. V Square Quantitative Management LLC purchased a new stake in Terreno Realty during the third quarter valued at approximately $26,000. Assetmark Inc. increased its holdings 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 acquiring an additional 381 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Terreno Realty in the second quarter worth about $48,000. International Assets Investment Management LLC boosted its position in shares of Terreno Realty by 6,580.0% during the 3rd 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. Finally, CWM LLC grew its stake in shares of Terreno Realty by 58.2% in the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust's stock worth $70,000 after buying an additional 438 shares in the last quarter.

Terreno Realty Trading Down 0.1 %

Terreno Realty stock traded down $0.06 during trading hours on Tuesday, hitting $61.98. The company had a trading volume of 1,692,994 shares, compared to its average volume of 736,594. The firm has a market cap of $6.18 billion, a P/E ratio of 34.08, a P/E/G ratio of 2.87 and a beta of 0.89. The company has a 50-day moving average price of $61.77 and a two-hundred day moving average price of $63.78. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.24). The firm had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. On average, sell-side analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.16%. Terreno Realty's payout ratio is currently 107.69%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TRNO shares. Barclays decreased their price objective on Terreno Realty from $69.00 to $68.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. Mizuho restated an "underperform" rating and issued a $62.00 price target on shares of Terreno Realty in a research report on Thursday, September 5th. JMP Securities reiterated a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, December 9th. Wolfe Research upgraded shares of Terreno Realty to a "hold" rating in a report on Sunday, September 22nd. Finally, StockNews.com downgraded shares of Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $69.22.

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.