Terreno Realty Co. (NYSE:TRNO) Position Trimmed by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 16.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 727,284 shares of the real estate investment trust's stock after selling 143,471 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.73% of Terreno Realty worth $48,604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in shares of Terreno Realty by 16.4% in the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock valued at $708,348,000 after purchasing an additional 1,496,666 shares in the last quarter. American Century Companies Inc. lifted its stake in Terreno Realty by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust's stock valued at $127,287,000 after buying an additional 146,808 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Terreno Realty by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock valued at $115,475,000 after buying an additional 315,506 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Terreno Realty by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust's stock worth $81,862,000 after buying an additional 103,833 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Terreno Realty by 238.3% in the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust's stock worth $78,587,000 after acquiring an additional 935,418 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TRNO shares. JMP Securities boosted their target price on shares of Terreno Realty from $65.00 to $72.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 13th. Wedbush reiterated a "neutral" rating and issued a $70.00 price target (up from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. The Goldman Sachs Group raised their price objective on Terreno Realty from $60.00 to $68.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Wolfe Research upgraded Terreno Realty to a "hold" rating in a research note on Sunday, September 22nd. Finally, Scotiabank reduced their target price on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Terreno Realty currently has a consensus rating of "Hold" and a consensus target price of $69.22.

Terreno Realty Stock Up 0.4 %

NYSE:TRNO traded up $0.27 during trading hours on Tuesday, hitting $60.74. The stock had a trading volume of 268,262 shares, compared to its average volume of 702,025. The company has a market cap of $6.06 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. The business has a 50 day simple moving average of $62.75 and a two-hundred day simple moving average of $63.44. 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 1-year low of $53.78 and a 1-year high of $71.63.

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

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.23%. Terreno Realty's dividend payout ratio is presently 107.69%.

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.