Terreno Realty Co. (NYSE:TRNO) Stock Holdings Lowered by Emerald Advisers LLC

Emerald Advisers LLC lessened its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 99.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,066 shares of the real estate investment trust's stock after selling 204,795 shares during the quarter. Emerald Advisers LLC's holdings in Terreno Realty were worth $63,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in shares of Terreno Realty during the third quarter worth about $370,000. Pathstone Holdings LLC lifted its holdings in Terreno Realty by 4.4% during the 3rd quarter. Pathstone Holdings LLC now owns 23,624 shares of the real estate investment trust's stock worth $1,579,000 after buying an additional 995 shares in the last quarter. Intech Investment Management LLC purchased a new position in Terreno Realty in the 3rd quarter valued at approximately $1,397,000. Massachusetts Financial Services Co. MA grew its stake in shares of Terreno Realty by 59.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust's stock worth $70,473,000 after acquiring an additional 394,436 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 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 acquiring an additional 315,506 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TRNO. Scotiabank boosted their price target 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. The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and upped their price objective for the company from $65.00 to $77.00 in a research note on Friday, February 21st. JMP Securities reissued a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a report on Monday, February 10th. Barclays cut their price target on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Terreno Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $60.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $69.09.

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Terreno Realty Stock Down 1.6 %

Shares of Terreno Realty stock traded down $1.02 during trading on Tuesday, reaching $63.02. The company had a trading volume of 681,251 shares, compared to its average volume of 861,256. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The firm's fifty day moving average is $65.89 and its 200-day moving average is $63.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23.

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 for the quarter, beating analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Thursday, March 27th. Terreno Realty's dividend payout ratio (DPR) is presently 102.08%.

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.