Advisors Asset Management Inc. Sells 6,102 Shares of Terreno Realty Co. (NYSE:TRNO)

Advisors Asset Management Inc. cut its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 35.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,009 shares of the real estate investment trust’s stock after selling 6,102 shares during the quarter. Advisors Asset Management Inc.’s holdings in Terreno Realty were worth $736,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Janus Henderson Group PLC grew its stake in shares of Terreno Realty by 1.8% in the 1st quarter. Janus Henderson Group PLC now owns 47,635 shares of the real estate investment trust’s stock valued at $3,164,000 after buying an additional 826 shares during the period. Tidal Investments LLC grew its stake in Terreno Realty by 30.7% in the first quarter. Tidal Investments LLC now owns 34,116 shares of the real estate investment trust’s stock valued at $2,265,000 after acquiring an additional 8,013 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Terreno Realty by 107.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 49,548 shares of the real estate investment trust’s stock valued at $3,185,000 after acquiring an additional 25,683 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Terreno Realty by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 11,712 shares of the real estate investment trust’s stock worth $693,000 after purchasing an additional 8,728 shares during the period. Finally, CWM LLC lifted its holdings in shares of Terreno Realty by 58.2% in the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 438 shares in the last quarter.

Terreno Realty Trading Down 1.0 %

NYSE TRNO opened at $60.45 on Wednesday. The business’s fifty day moving average is $63.38 and its 200-day moving average is $63.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. 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 one year low of $53.78 and a one year 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 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 company had revenue of $99.64 million during the quarter, compared to analysts’ expectations of $96.31 million. Equities research analysts predict that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Announces Dividend

The company 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 $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, December 13th. Terreno Realty’s dividend payout ratio is currently 107.69%.

Analysts Set New Price Targets

TRNO has been the topic of several research reports. Mizuho restated an “underperform” rating and set a $62.00 price objective on shares of Terreno Realty in a report on Thursday, September 5th. The Goldman Sachs Group lifted their price target on Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. JMP Securities increased their price objective 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. Barclays cut their target price 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. Finally, Wells Fargo & Company lowered Terreno Realty from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $71.00 to $75.00 in a research report on Wednesday, August 28th. Two 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’s stock. According to MarketBeat, the company has a consensus 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.