Terreno Realty Co. (NYSE:TRNO) Stock Position Decreased by Bernzott Capital Advisors

Bernzott Capital Advisors decreased its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,597 shares of the real estate investment trust's stock after selling 11,287 shares during the period. Terreno Realty accounts for 3.2% of Bernzott Capital Advisors' investment portfolio, making the stock its 13th biggest position. Bernzott Capital Advisors owned approximately 0.11% of Terreno Realty worth $6,422,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Terreno Realty in the 3rd quarter valued at about $26,000. Assetmark Inc. increased its position in shares of Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 381 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of 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 valued at $67,000 after purchasing an additional 987 shares in the last quarter. Huntington National Bank lifted its position in shares of Terreno Realty by 7.4% during the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust's stock worth $171,000 after purchasing an additional 177 shares during the last quarter. Finally, Financial Advocates Investment Management acquired a new position in Terreno Realty in the third quarter worth about $205,000.

Terreno Realty Price Performance

NYSE:TRNO traded down $0.10 during trading hours on Friday, reaching $61.21. 979,097 shares of the company's stock were exchanged, compared to its average volume of 882,282. The company has a market capitalization of $6.11 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 2.41 and a beta of 0.90. 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's 50-day simple moving average is $60.21 and its two-hundred day simple moving average is $63.93. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced 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 net margin of 45.37% and a return on equity of 4.94%. The company had revenue of $99.64 million for the quarter, compared to analysts' expectations of $96.31 million. Sell-side analysts expect that Terreno Realty Co. will post 2.42 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.20%. The ex-dividend date was Friday, December 13th. Terreno Realty's dividend payout ratio (DPR) is currently 107.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a research report on Tuesday. They set a "hold" rating and a $60.00 price target on the stock. Scotiabank decreased their price target on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a report on Friday, October 25th. Barclays reiterated an "equal weight" rating and set a $60.00 price objective (down previously from $68.00) on shares of Terreno Realty in a research note on Monday. Wolfe Research raised Terreno Realty to a "hold" rating in a report on Sunday, September 22nd. Finally, StockNews.com cut Terreno Realty from a "hold" rating to a "sell" rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $67.50.

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.