JPMorgan Chase & Co. Sells 65,936 Shares of Terreno Realty Co. (NYSE:TRNO)

JPMorgan Chase & Co. lowered its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 5.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,229,623 shares of the real estate investment trust's stock after selling 65,936 shares during the quarter. JPMorgan Chase & Co. owned 1.23% of Terreno Realty worth $82,176,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. FMR LLC grew its stake in Terreno Realty by 16.4% during the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock valued at $708,348,000 after acquiring an additional 1,496,666 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Terreno Realty by 238.3% during the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust's stock worth $78,587,000 after purchasing an additional 935,418 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Terreno Realty during the second quarter worth approximately $39,064,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Terreno Realty by 339.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust's stock valued at $40,842,000 after purchasing an additional 472,125 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Terreno Realty by 22.3% in the 3rd 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 buying an additional 315,506 shares in the last quarter.

Terreno Realty Price Performance

Shares of TRNO traded up $1.24 during mid-day trading on Friday, reaching $58.64. The company had a trading volume of 791,628 shares, compared to its average volume of 939,314. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. The company has a market capitalization of $5.85 billion, a P/E ratio of 32.22, a P/E/G ratio of 2.87 and a beta of 0.90. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The company's 50-day moving average is $60.48 and its 200-day moving average is $63.89.

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 for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The firm had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. On average, equities analysts anticipate that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders 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 3.34%. The ex-dividend date is Friday, December 13th. Terreno Realty's dividend payout ratio is currently 107.69%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TRNO shares. Mizuho reissued an "underperform" rating and issued a $62.00 price target on shares of Terreno Realty in a research note on Thursday, September 5th. Scotiabank decreased their target price 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. JMP Securities restated a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a report on Monday, December 9th. StockNews.com cut shares of Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. Finally, Wolfe Research upgraded Terreno Realty to a "hold" rating in a report on Sunday, September 22nd. Two research 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $69.22.

Terreno Realty 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.