Terreno Realty Co. (NYSE:TRNO) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its position in Terreno Realty Co. (NYSE:TRNO) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 513,464 shares of the real estate investment trust’s stock after selling 20,735 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Terreno Realty were worth $34,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TRNO. V Square Quantitative Management LLC acquired a new stake in shares of Terreno Realty in the third quarter valued at $26,000. Assetmark Inc. grew its stake in shares of Terreno Realty by 2,381.3% in 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 in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Terreno Realty in the second quarter valued at $48,000. EntryPoint Capital LLC grew its stake in shares of Terreno Realty by 80.3% in the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 419 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Terreno Realty by 6,580.0% in 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 in the last quarter.

Terreno Realty Stock Down 0.2 %

Terreno Realty stock opened at $60.52 on Wednesday. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. 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 company has a market capitalization of $6.04 billion, a P/E ratio of 33.25, a PEG ratio of 2.79 and a beta of 0.90. The stock has a 50-day simple moving average of $64.40 and a 200-day simple moving average of $63.07.

Terreno Realty (NYSE:TRNO) last posted its 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 net margin of 45.37% and a return on equity of 4.94%. 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 earnings per share for the current year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty’s dividend payout ratio is presently 107.69%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wells Fargo & Company cut Terreno Realty from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $71.00 to $75.00 in a research note on Wednesday, August 28th. The Goldman Sachs Group boosted their target price on Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Mizuho reissued an “underperform” rating and set a $62.00 target price on shares of Terreno Realty in a research note on Thursday, September 5th. 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 research note on Tuesday, August 13th. Finally, StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.22.

About Terreno Realty

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.