Vestcor Inc trimmed its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 31.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,997 shares of the real estate investment trust's stock after selling 23,362 shares during the quarter. Vestcor Inc owned about 0.05% of Terreno Realty worth $3,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in Terreno Realty in the third quarter worth about $26,000. Assetmark Inc. increased its position 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 bought a new position in Terreno Realty during the 2nd quarter valued at approximately $48,000. International Assets Investment Management LLC raised its stake in 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 valued at $67,000 after buying an additional 987 shares during the last quarter. Finally, CWM LLC boosted its holdings in Terreno Realty by 58.2% in the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust's stock worth $70,000 after acquiring an additional 438 shares in the last quarter.
Analysts Set New Price Targets
TRNO has been the subject of several analyst reports. Wedbush restated a "neutral" rating and set a $70.00 price target (up from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Wells Fargo & Company cut shares of Terreno Realty from an "overweight" rating to an "equal weight" rating and lifted their target price for the stock from $71.00 to $75.00 in a report on Wednesday, August 28th. Mizuho reiterated an "underperform" rating and set a $62.00 price target on shares of Terreno Realty in a report on Thursday, September 5th. Wolfe Research upgraded shares of Terreno Realty to a "hold" rating in a report on Sunday, September 22nd. Finally, Barclays lowered their price objective on Terreno Realty from $69.00 to $68.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Terreno Realty currently has a consensus rating of "Hold" and an average target price of $69.22.
Check Out Our Latest Report on TRNO
Terreno Realty Stock Performance
Shares of TRNO stock traded up $0.36 on Wednesday, reaching $63.14. The stock had a trading volume of 1,335,318 shares, compared to its average volume of 724,151. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The stock has a market cap of $6.30 billion, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company has a 50 day simple moving average of $61.95 and a 200 day simple moving average of $63.59.
Terreno Realty (NYSE:TRNO - Get Free Report) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) 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 firm had revenue of $99.64 million during the quarter, compared to analysts' expectations of $96.31 million. Equities research analysts expect that Terreno Realty Co. will post 2.41 EPS for the current year.
Terreno Realty Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders 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 yield of 3.10%. Terreno Realty's dividend payout ratio is currently 107.69%.
About Terreno Realty
(
Free Report)
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.
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