Capital Square LLC Decreases Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Capital Square LLC reduced its stake in Terreno Realty Co. (NYSE:TRNO) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,547 shares of the real estate investment trust’s stock after selling 514 shares during the period. Capital Square LLC’s holdings in Terreno Realty were worth $1,173,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Terreno Realty during the third quarter worth approximately $26,000. Assetmark Inc. boosted its holdings 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 acquiring an additional 381 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Terreno Realty during the second quarter worth about $48,000. EntryPoint Capital LLC raised its holdings in Terreno Realty by 80.3% during the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 419 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in 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 purchasing an additional 987 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRNO. Scotiabank cut their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. JMP Securities upped their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 13th. The Goldman Sachs Group increased their price target on shares of Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Barclays lowered their target price on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Finally, StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $69.22.

Terreno Realty Price Performance

Shares of TRNO stock traded up $0.68 during midday trading on Monday, reaching $61.08. 44,821 shares of the company were exchanged, compared to its average volume of 703,949. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The company has a market cap of $6.09 billion, a P/E ratio of 33.19, a PEG ratio of 2.78 and a beta of 0.90. The company’s 50 day moving average price is $63.73 and its two-hundred day moving average price is $63.23. 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 (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The business had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. On average, sell-side analysts expect that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Dividend Announcement

The business also recently disclosed 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 is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.21%. Terreno Realty’s dividend payout ratio (DPR) is presently 107.69%.

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.