Tandem Investment Advisors Inc. Lowers Position in Terreno Realty Co. (NYSE:TRNO)

Tandem Investment Advisors Inc. reduced its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 1.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,028,439 shares of the real estate investment trust's stock after selling 14,018 shares during the period. Terreno Realty comprises approximately 2.6% of Tandem Investment Advisors Inc.'s portfolio, making the stock its 22nd biggest position. Tandem Investment Advisors Inc. owned about 1.06% of Terreno Realty worth $68,731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRNO. V Square Quantitative Management LLC purchased a new position in shares of Terreno Realty in the 3rd quarter worth approximately $26,000. Whittier Trust Co. lifted its position in shares of Terreno Realty by 123.4% during the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 337 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Terreno Realty during the second quarter worth $48,000. EntryPoint Capital LLC lifted its position in shares of Terreno Realty by 80.3% during the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 419 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Terreno Realty by 6,580.0% during the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock worth $67,000 after acquiring an additional 987 shares in the last quarter.

Terreno Realty Trading Up 2.6 %

Shares of NYSE:TRNO traded up $1.58 on Friday, reaching $62.00. 769,208 shares of the company traded hands, compared to its average volume of 709,786. The business's 50-day simple moving average is $65.30 and its 200 day simple moving average is $62.69. Terreno Realty Co. has a 52 week low of $53.23 and a 52 week high of $71.63. The stock has a market capitalization of $6.01 billion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 2.76 and a beta of 0.90. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.24.

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 earnings per share (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 the consensus estimate of $89.07 million. As a group, equities analysts anticipate that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.16%. Terreno Realty's dividend payout ratio is currently 108.29%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TRNO shares. The Goldman Sachs Group increased 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. JMP Securities upped their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a report on Tuesday, August 13th. StockNews.com cut shares of Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. Mizuho reaffirmed an "underperform" rating and issued a $62.00 price target on shares of Terreno Realty in a report on Thursday, September 5th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $70.00 price target (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Terreno Realty presently has a consensus rating of "Hold" and a consensus price target of $69.22.

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.