D L Carlson Investment Group Inc. Has $1.90 Million Position in Terreno Realty Co. (NYSE:TRNO)

D L Carlson Investment Group Inc. trimmed its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,042 shares of the real estate investment trust's stock after selling 4,457 shares during the period. D L Carlson Investment Group Inc.'s holdings in Terreno Realty were worth $1,895,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp increased its stake in Terreno Realty by 39.3% during the third quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust's stock worth $6,156,000 after acquiring an additional 25,988 shares during the last quarter. Barclays PLC increased its position in shares of Terreno Realty by 131.0% in the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock worth $11,360,000 after purchasing an additional 96,380 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Terreno Realty by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust's stock worth $161,423,000 after acquiring an additional 8,940 shares in the last quarter. Verition Fund Management LLC acquired a new position in Terreno Realty in the third quarter worth $225,000. Finally, HighTower Advisors LLC bought a new position in Terreno Realty in the third quarter worth about $255,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TRNO shares. BMO Capital Markets upped their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Barclays cut their price objective on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. Scotiabank raised their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the stock a "sector perform" rating in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $60.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $69.09.

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Terreno Realty Stock Down 9.5 %

NYSE TRNO traded down $6.07 during trading on Thursday, hitting $57.82. 1,031,611 shares of the company traded hands, compared to its average volume of 877,864. The business has a fifty day simple moving average of $66.12 and a 200 day simple moving average of $63.52. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $5.96 billion, a P/E ratio of 30.11, a PEG ratio of 2.82 and a beta of 0.93.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. As a group, sell-side analysts predict that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty's dividend payout ratio is currently 102.08%.

Terreno Realty 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.