Thrivent Financial for Lutherans Sells 54,759 Shares of Terreno Realty Co. (NYSE:TRNO)

Thrivent Financial for Lutherans cut its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,273,173 shares of the real estate investment trust's stock after selling 54,759 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.31% of Terreno Realty worth $85,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Terreno Realty by 7.6% during 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 acquiring an additional 919,851 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Terreno Realty by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust's stock valued at $276,381,000 after acquiring an additional 291,051 shares in the last quarter. American Century Companies Inc. boosted its position in Terreno Realty by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust's stock valued at $127,287,000 after acquiring an additional 146,808 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Terreno Realty by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust's stock worth $81,862,000 after purchasing an additional 103,833 shares in the last quarter. Finally, Copeland Capital Management LLC grew its stake in shares of Terreno Realty by 1.3% in the 3rd quarter. Copeland Capital Management LLC now owns 1,129,443 shares of the real estate investment trust's stock worth $75,481,000 after buying an additional 13,988 shares during the last quarter.

Terreno Realty Price Performance

TRNO stock traded down $0.04 during midday trading on Monday, hitting $60.62. The company's stock had a trading volume of 574,107 shares, compared to its average volume of 706,904. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month 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 firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. The company has a 50 day moving average of $64.55 and a two-hundred day moving average of $63.02.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly 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 return on equity of 4.94% and a net margin of 45.37%. The business 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 year.

Terreno Realty Announces Dividend

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 given 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 3.23%. Terreno Realty's dividend payout ratio is currently 107.69%.

Analyst Ratings Changes

Several equities research analysts have commented on TRNO shares. JMP Securities boosted their target price on Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a report on Tuesday, August 13th. The Goldman Sachs Group increased their price objective on shares of Terreno Realty from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Scotiabank decreased their target price 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. Wedbush reissued a "neutral" rating and set a $70.00 price target (up previously from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Finally, Mizuho reaffirmed an "underperform" rating and issued a $62.00 price objective on shares of Terreno Realty in a research report on Thursday, September 5th. Two equities 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.