Edgestream Partners L.P. Takes $646,000 Position in Terreno Realty Co. (NYSE:TRNO)

Edgestream Partners L.P. acquired a new stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,673 shares of the real estate investment trust's stock, valued at approximately $646,000.

A number of other hedge funds also recently made changes to their positions in TRNO. V Square Quantitative Management LLC acquired a new position in Terreno Realty in the third quarter worth $26,000. Assetmark Inc. boosted its stake in shares of Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 381 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Terreno Realty in the 2nd quarter valued at approximately $48,000. International Assets Investment Management LLC lifted its holdings in shares of Terreno Realty by 6,580.0% in the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 987 shares in the last quarter. Finally, CWM LLC boosted its position in Terreno Realty by 58.2% during the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust's stock worth $70,000 after acquiring an additional 438 shares during the period.

Wall Street Analysts Forecast Growth

TRNO has been the topic of several analyst reports. Wells Fargo & Company lowered shares of Terreno Realty from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $71.00 to $75.00 in a research note on Wednesday, August 28th. StockNews.com downgraded shares of Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. Wolfe Research upgraded shares of Terreno Realty to a "hold" rating in a research report on Sunday, September 22nd. Wedbush reaffirmed 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. Finally, JMP Securities upped their price target on Terreno Realty from $65.00 to $72.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 13th. Two 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $69.22.

Terreno Realty Stock Down 1.4 %

TRNO stock traded down $0.82 during midday trading on Friday, reaching $58.96. 176,062 shares of the company's stock traded hands, compared to its average volume of 703,027. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 32.85, a P/E/G ratio of 2.79 and a beta of 0.89. The firm's fifty day moving average price is $62.27 and its 200-day moving average price is $63.40.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its earnings results 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). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The business had revenue of $99.64 million for the quarter, compared to analysts' expectations of $96.31 million. As a group, sell-side analysts forecast that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

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 paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty's dividend payout ratio is currently 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.