Principal Financial Group Inc. cut its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,941,920 shares of the real estate investment trust's stock after selling 109,270 shares during the quarter. Principal Financial Group Inc. owned 5.11% of Terreno Realty worth $330,264,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of TRNO. Covestor Ltd increased its holdings in shares of Terreno Realty by 7.2% in the 1st quarter. Covestor Ltd now owns 2,950 shares of the real estate investment trust's stock valued at $196,000 after purchasing an additional 197 shares during the period. Amalgamated Bank increased its stake in Terreno Realty by 9.9% in the 2nd quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust's stock valued at $187,000 after buying an additional 284 shares during the period. Handelsbanken Fonder AB lifted its position in Terreno Realty by 1.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust's stock worth $1,860,000 after buying an additional 300 shares in the last quarter. Creative Planning boosted its stake in shares of Terreno Realty by 7.0% during the 2nd quarter. Creative Planning now owns 4,797 shares of the real estate investment trust's stock valued at $284,000 after buying an additional 312 shares during the period. Finally, Whittier Trust Co. grew its holdings in shares of Terreno Realty by 123.4% during the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 337 shares in the last quarter.
Analysts Set New Price Targets
TRNO has been the topic of several research reports. The Goldman Sachs Group upped their target price on Terreno Realty from $60.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Scotiabank reduced 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 note on Friday, October 25th. JMP Securities boosted their target price on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 13th. Mizuho restated an "underperform" rating and set a $62.00 price target on shares of Terreno Realty in a report on Thursday, September 5th. Finally, Wolfe Research upgraded shares of Terreno Realty to a "hold" rating in a report on Sunday, September 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Terreno Realty currently has a consensus rating of "Hold" and a consensus target price of $69.22.
Check Out Our Latest Report on Terreno Realty
Terreno Realty Stock Performance
TRNO stock traded up $0.84 on Friday, reaching $61.26. 239,313 shares of the company were exchanged, compared to its average volume of 707,344. The firm has a market capitalization of $5.94 billion, a PE ratio of 33.81, a PEG ratio of 2.76 and a beta of 0.90. Terreno Realty Co. has a 12 month low of $53.23 and a 12 month high of $71.63. The stock's fifty day moving average price is $65.44 and its 200 day moving average price is $62.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34.
Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.17). Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. The company had revenue of $94.25 million for the quarter, compared to analyst estimates of $89.07 million. On average, research analysts anticipate that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.
Terreno Realty Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be given a $0.49 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.20%. Terreno Realty's dividend payout ratio is currently 108.29%.
Terreno Realty Profile
(
Free Report)
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.
Further Reading
Before you consider Terreno Realty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Terreno Realty wasn't on the list.
While Terreno Realty currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
