Easterly Investment Partners LLC Has $2.66 Million Holdings in Terreno Realty Co. (NYSE:TRNO)

Easterly Investment Partners LLC trimmed its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 50.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,806 shares of the real estate investment trust's stock after selling 41,053 shares during the period. Easterly Investment Partners LLC's holdings in Terreno Realty were worth $2,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. increased its position in Terreno Realty by 6.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 105,463 shares of the real estate investment trust's stock worth $7,003,000 after buying an additional 6,815 shares during the period. Norden Group LLC lifted its holdings in Terreno Realty by 41.0% in the first quarter. Norden Group LLC now owns 7,209 shares of the real estate investment trust's stock worth $479,000 after buying an additional 2,095 shares during the period. BNP Paribas Financial Markets boosted its holdings in Terreno Realty by 1.9% in the 1st quarter. BNP Paribas Financial Markets now owns 42,062 shares of the real estate investment trust's stock worth $2,793,000 after buying an additional 780 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Terreno Realty by 12.0% during the first quarter. Janney Montgomery Scott LLC now owns 8,754 shares of the real estate investment trust's stock valued at $581,000 after purchasing an additional 937 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in Terreno Realty by 123.4% in the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 337 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company downgraded Terreno Realty from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $71.00 to $75.00 in a report on Wednesday, August 28th. JMP Securities lifted their target price on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a report on Tuesday, August 13th. Scotiabank reduced their price target on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a research report on Friday, October 25th. Wolfe Research raised Terreno Realty to a "hold" rating in a research report on Sunday, September 22nd. Finally, The Goldman Sachs Group boosted their price target on Terreno Realty from $60.00 to $68.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $69.22.

Terreno Realty Price Performance

Shares of TRNO traded up $1.58 during midday trading on Friday, reaching $62.00. The stock had a trading volume of 769,208 shares, compared to its average volume of 709,786. The company has a market capitalization of $6.01 billion, a P/E ratio of 34.25, a P/E/G ratio of 2.76 and a beta of 0.90. The firm's 50 day moving average price is $65.30 and its 200-day moving average price is $62.69. Terreno Realty Co. has a 52 week low of $53.23 and a 52 week high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.17). Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. The firm had revenue of $94.25 million during the quarter, compared to analysts' expectations of $89.07 million. On average, analysts forecast that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.16%. Terreno Realty's dividend payout ratio (DPR) is 108.29%.

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.