Stifel Financial Corp Acquires 25,988 Shares of Terreno Realty Co. (NYSE:TRNO)

Stifel Financial Corp grew its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 39.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,115 shares of the real estate investment trust's stock after acquiring an additional 25,988 shares during the period. Stifel Financial Corp owned about 0.09% of Terreno Realty worth $6,156,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Mizuho restated an "underperform" rating and issued a $62.00 price target on shares of Terreno Realty in a report on Thursday, September 5th. Wolfe Research upgraded Terreno Realty to a "hold" rating in a research report on Sunday, September 22nd. Wedbush reissued a "neutral" rating and issued a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Barclays cut their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an "overweight" rating for the company in a report on Monday, October 28th. Finally, Wells Fargo & Company lowered Terreno Realty from an "overweight" rating to an "equal weight" rating and increased their target price for the company from $71.00 to $75.00 in a research report on Wednesday, August 28th. 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 MarketBeat.com, Terreno Realty presently has a consensus rating of "Hold" and a consensus target price of $69.22.

Terreno Realty Trading Up 0.1 %

Shares of NYSE:TRNO traded up $0.06 during trading on Friday, reaching $62.25. The stock had a trading volume of 1,128,720 shares, compared to its average volume of 727,947. The stock has a market cap of $6.21 billion, a P/E ratio of 34.20, a PEG ratio of 2.91 and a beta of 0.89. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $61.83 and a 200-day moving average price of $63.62.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $96.31 million. As a group, analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share 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 3.15%. Terreno Realty's dividend payout ratio is presently 107.69%.

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.