Segall Bryant & Hamill LLC Has $34.32 Million Stake in Terreno Realty Co. (NYSE:TRNO)

Segall Bryant & Hamill LLC decreased its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 513,464 shares of the real estate investment trust's stock after selling 20,735 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.53% of Terreno Realty worth $34,315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRNO. State Board of Administration of Florida Retirement System grew its holdings in Terreno Realty by 20.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 28,177 shares of the real estate investment trust's stock valued at $1,820,000 after buying an additional 4,820 shares during the period. Vanguard Group Inc. grew its holdings in Terreno Realty by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust's stock valued at $861,988,000 after buying an additional 919,851 shares during the period. Bessemer Group Inc. grew its holdings in shares of Terreno Realty by 37.2% during the 1st quarter. Bessemer Group Inc. now owns 292,785 shares of the real estate investment trust's stock worth $19,441,000 after purchasing an additional 79,441 shares during the period. American International Group Inc. grew its holdings in shares of Terreno Realty by 0.9% during the 1st quarter. American International Group Inc. now owns 41,600 shares of the real estate investment trust's stock worth $2,762,000 after purchasing an additional 368 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Terreno Realty by 10.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 143,269 shares of the real estate investment trust's stock worth $9,520,000 after purchasing an additional 13,219 shares during the period.

Terreno Realty Stock Performance

NYSE:TRNO traded down $0.50 during midday trading on Wednesday, reaching $60.02. 117,638 shares of the company traded hands, compared to its average volume of 703,105. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. 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 fifty day moving average price of $64.24 and a 200 day moving average price of $63.11. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its 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). 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, analysts expect that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.27%. Terreno Realty's dividend payout ratio is presently 107.69%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TRNO shares. Barclays decreased their target price on Terreno Realty from $69.00 to $68.00 and set an "overweight" rating for the company in a report on Monday, October 28th. Wells Fargo & Company downgraded Terreno Realty from an "overweight" rating to an "equal weight" rating and upped their target price for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th. The Goldman Sachs Group boosted their price target on Terreno Realty from $60.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Wolfe Research raised shares of Terreno Realty to a "hold" rating in a research report on Sunday, September 22nd. Finally, Mizuho reissued an "underperform" rating and set a $62.00 target price on shares of Terreno Realty in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Terreno Realty currently has a consensus rating of "Hold" and an average price target of $69.22.

About Terreno Realty

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.