Victory Capital Management Inc. Has $3.03 Million Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Victory Capital Management Inc. cut its holdings in Terreno Realty Co. (NYSE:TRNO) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,372 shares of the real estate investment trust’s stock after selling 1,229 shares during the quarter. Victory Capital Management Inc.’s holdings in Terreno Realty were worth $3,032,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in shares of Terreno Realty in the third quarter worth $26,000. Assetmark Inc. lifted 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 worth $27,000 after buying an additional 381 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Terreno Realty in the second quarter worth $48,000. EntryPoint Capital LLC lifted 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 worth $62,000 after buying an additional 419 shares during the last quarter. Finally, International Assets Investment Management LLC lifted 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 worth $67,000 after buying an additional 987 shares during the last quarter.

Terreno Realty Stock Up 0.3 %

Shares of NYSE TRNO opened at $60.40 on Friday. The firm’s 50-day simple moving average is $63.73 and its 200 day simple moving average is $63.11. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 2.77 and a beta of 0.90. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. Terreno Realty Co. has a 12-month low of $53.78 and a 12-month high of $71.63.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $96.31 million. On average, research analysts expect that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

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 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 yield of 3.25%. Terreno Realty’s payout ratio is presently 107.69%.

Analysts Set New Price Targets

Several equities analysts recently commented on TRNO shares. The Goldman Sachs Group upped their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Barclays cut their target price on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Finally, Mizuho reiterated an “underperform” rating and set a $62.00 target price on shares of Terreno Realty in a research note 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.22.

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.