Moody Aldrich Partners LLC Decreases Stock Position in Terreno Realty Co. (NYSE:TRNO)

Moody Aldrich Partners LLC lessened its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 36.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,784 shares of the real estate investment trust's stock after selling 38,957 shares during the quarter. Moody Aldrich Partners LLC owned 0.07% of Terreno Realty worth $4,009,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. KBC Group NV increased its holdings in Terreno Realty by 40.7% in the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock valued at $217,000 after buying an additional 1,059 shares in the last quarter. Blue Trust Inc. increased its stake in Terreno Realty by 55.3% in the 4th quarter. Blue Trust Inc. now owns 4,764 shares of the real estate investment trust's stock valued at $282,000 after purchasing an additional 1,697 shares in the last quarter. Fifth Third Bancorp increased its stake in Terreno Realty by 7.4% in the 4th quarter. Fifth Third Bancorp now owns 6,436 shares of the real estate investment trust's stock valued at $381,000 after purchasing an additional 441 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Terreno Realty during the fourth quarter worth $444,000. Finally, Diversify Wealth Management LLC boosted its position in Terreno Realty by 48.0% during the fourth quarter. Diversify Wealth Management LLC now owns 7,341 shares of the real estate investment trust's stock worth $425,000 after purchasing an additional 2,382 shares in the last quarter.

Terreno Realty Trading Down 0.3 %

TRNO traded down $0.20 during midday trading on Friday, hitting $65.43. The company's stock had a trading volume of 664,260 shares, compared to its average volume of 789,625. The firm has a market cap of $6.53 billion, a P/E ratio of 35.95, a PEG ratio of 2.72 and a beta of 0.90. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $60.99 and a two-hundred day moving average price of $64.10.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.24). The company had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. On average, research analysts anticipate that Terreno Realty Co. will post 2.42 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 13th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Friday, December 13th. Terreno Realty's dividend payout ratio (DPR) is currently 107.69%.

Wall Street Analysts Forecast Growth

TRNO has been the subject of several recent research reports. Scotiabank dropped 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 report on Friday, October 25th. JMP Securities reiterated a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price target for the company. StockNews.com lowered Terreno Realty from a "hold" rating to a "sell" rating in a research note on Friday, October 11th. Finally, Barclays reissued an "equal weight" rating and issued a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Terreno Realty has an average rating of "Hold" and an average price target of $67.50.

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.