Eagle Asset Management Inc. Has $10.71 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Eagle Asset Management Inc. grew its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 35.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 172,720 shares of the real estate investment trust's stock after purchasing an additional 45,640 shares during the period. Eagle Asset Management Inc. owned approximately 0.17% of Terreno Realty worth $10,709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in Terreno Realty by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock worth $115,475,000 after purchasing an additional 315,506 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Terreno Realty by 59.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust's stock valued at $70,473,000 after purchasing an additional 394,436 shares during the period. Intech Investment Management LLC bought a new stake in shares of Terreno Realty in the 3rd quarter worth $1,397,000. Pathstone Holdings LLC lifted its holdings in shares of Terreno Realty by 4.4% in the third quarter. Pathstone Holdings LLC now owns 23,624 shares of the real estate investment trust's stock valued at $1,579,000 after buying an additional 995 shares during the period. Finally, Napa Wealth Management boosted its stake in Terreno Realty by 12.6% during the third quarter. Napa Wealth Management now owns 4,776 shares of the real estate investment trust's stock valued at $319,000 after buying an additional 533 shares in the last quarter.

Terreno Realty Trading Up 0.3 %

Shares of Terreno Realty stock traded up $0.17 on Friday, hitting $60.40. 600,103 shares of the company's stock traded hands, compared to its average volume of 743,386. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63. The stock has a market capitalization of $6.02 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.77 and a beta of 0.90. The firm's 50-day moving average price is $63.73 and its two-hundred day moving average price is $63.17.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.24). The business had revenue of $99.64 million for 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, research analysts expect that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.25%. Terreno Realty's payout ratio is presently 107.69%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TRNO shares. Scotiabank dropped their price target on shares of 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. Wells Fargo & Company lowered shares of Terreno Realty from an "overweight" rating to an "equal weight" rating and increased their target price for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. StockNews.com lowered Terreno Realty from a "hold" rating to a "sell" rating in a research report on Friday, October 11th. Wedbush restated a "neutral" rating and set a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Finally, The Goldman Sachs Group raised their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Terreno Realty currently 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.