EntryPoint Capital LLC Buys Shares of 6,052 Terreno Realty Co. (NYSE:TRNO)

EntryPoint Capital LLC acquired a new position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,052 shares of the real estate investment trust's stock, valued at approximately $358,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stifel Financial Corp raised its position in Terreno Realty by 39.3% in the third quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust's stock valued at $6,156,000 after purchasing an additional 25,988 shares during the period. Barclays PLC raised its holdings 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 valued at $11,360,000 after buying an additional 96,380 shares during the period. Geode Capital Management LLC lifted its stake in Terreno Realty by 0.4% during 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 purchased a new position in Terreno Realty during the 3rd quarter valued at about $225,000. Finally, HighTower Advisors LLC acquired a new position in Terreno Realty in the 3rd quarter valued at about $255,000.

Wall Street Analyst Weigh In

TRNO has been the topic of several research reports. Scotiabank increased their price target on shares of Terreno Realty from $64.00 to $68.00 and gave the stock a "sector perform" rating in a research report on Friday, February 28th. The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and increased their target price for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Barclays dropped their price target on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. BMO Capital Markets increased their price objective on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Terreno Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $60.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $69.09.

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Terreno Realty Stock Up 0.8 %

Shares of TRNO traded up $0.52 during mid-day trading on Monday, reaching $63.25. The company's stock had a trading volume of 779,746 shares, compared to its average volume of 876,230. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. Terreno Realty Co. has a 12-month low of $53.78 and a 12-month high of $71.63. The stock has a market cap of $6.52 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. The company's 50 day moving average is $66.15 and its 200 day moving average is $63.56.

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

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.10%. Terreno Realty's dividend payout ratio is presently 102.08%.

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.