Quantbot Technologies LP Makes New $854,000 Investment in Terreno Realty Co. (NYSE:TRNO)

Quantbot Technologies LP acquired a new stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 12,776 shares of the real estate investment trust's stock, valued at approximately $854,000.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of Terreno Realty in the third quarter valued at about $26,000. Assetmark Inc. raised its stake in Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 381 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Terreno Realty in the 2nd quarter worth approximately $48,000. International Assets Investment Management LLC boosted its stake in Terreno Realty by 6,580.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 987 shares during the period. Finally, CWM LLC grew its holdings in Terreno Realty by 58.2% during the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 438 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wedbush restated a "neutral" rating and set a $70.00 target price (up from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Wolfe Research raised shares of Terreno Realty to a "hold" rating in a research note on Sunday, September 22nd. StockNews.com downgraded Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. JMP Securities boosted their target price on shares of Terreno Realty from $65.00 to $72.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 13th. Finally, Scotiabank reduced their price target on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $69.22.

Terreno Realty Stock Down 0.3 %

Shares of TRNO stock traded down $0.16 during trading on Monday, reaching $60.47. The company's stock had a trading volume of 793,503 shares, compared to its average volume of 704,139. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year high of $71.63. The stock's 50-day moving average price is $62.92 and its 200 day moving average price is $63.42. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 2.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued 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 net margin of 45.37% and a return on equity of 4.94%. The firm had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. On average, research analysts anticipate that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, December 13th. Terreno Realty's dividend payout ratio (DPR) is 107.69%.

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.