20,907 Shares in Terreno Realty Co. (NYSE:TRNO) Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in Terreno Realty Co. (NYSE:TRNO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,907 shares of the real estate investment trust’s stock, valued at approximately $1,397,000.

Several other large investors have also modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in shares of Terreno Realty during the 3rd quarter worth approximately $26,000. Assetmark Inc. lifted its position 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 worth $27,000 after purchasing an additional 381 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Terreno Realty during the second quarter valued at $48,000. International Assets Investment Management LLC increased its stake in Terreno Realty by 6,580.0% in 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 buying an additional 987 shares during the period. Finally, CWM LLC lifted its holdings in 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 buying an additional 438 shares in the last quarter.

Terreno Realty Trading Down 1.0 %

NYSE:TRNO opened at $60.45 on Wednesday. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 2.78 and a beta of 0.90. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $63.38 and a 200 day moving average of $63.31.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data 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). 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 analysts’ expectations of $96.31 million. As a group, sell-side analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TRNO shares. Wells Fargo & Company lowered shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th. Wedbush reaffirmed a “neutral” rating and set a $70.00 target price (up from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Barclays dropped their price target 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. Scotiabank decreased their price objective on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. 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 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, the stock currently has an average rating of “Hold” and a consensus target price 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.