Tidal Investments LLC Grows Position in Terreno Realty Co. (NYSE:TRNO)

Tidal Investments LLC increased its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 15.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,852 shares of the real estate investment trust's stock after purchasing an additional 8,490 shares during the quarter. Tidal Investments LLC owned 0.06% of Terreno Realty worth $4,134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRNO. V Square Quantitative Management LLC acquired a new stake in Terreno Realty during the 3rd quarter valued at $26,000. Assetmark Inc. raised its holdings in shares of Terreno Realty by 2,381.3% during the third 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 during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Terreno Realty in the second quarter worth approximately $48,000. International Assets Investment Management LLC grew its position in 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 worth $67,000 after purchasing an additional 987 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Terreno Realty by 58.2% during the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust's stock valued at $70,000 after acquiring an additional 438 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TRNO shares. Barclays dropped their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. 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 research report on Friday, October 25th. JMP Securities reiterated a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday, December 9th. Wells Fargo & Company cut shares of Terreno Realty from an "overweight" rating to an "equal weight" rating and lifted their price objective for the stock from $71.00 to $75.00 in a research note on Wednesday, August 28th. Finally, Mizuho reiterated an "underperform" rating and set 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 issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $69.22.

Terreno Realty Stock Performance

Shares of NYSE:TRNO traded up $0.06 during midday trading on Friday, hitting $62.25. The company's stock had a trading volume of 1,128,720 shares, compared to its average volume of 892,710. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. The stock's 50 day simple moving average is $61.83 and its 200 day simple moving average is $63.68. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 2.87 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.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly 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). The business had revenue of $99.64 million for the quarter, compared to the consensus estimate of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. As a group, research analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty's payout ratio is 107.69%.

Terreno Realty 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.