Terreno Realty Co. (NYSE:TRNO) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. trimmed its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 7.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,341 shares of the real estate investment trust’s stock after selling 370 shares during the quarter. Raymond James Trust N.A.’s holdings in Terreno Realty were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in Terreno Realty during the 3rd quarter worth about $26,000. Assetmark Inc. increased its position 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 acquiring an additional 381 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Terreno Realty during the second quarter valued at approximately $48,000. International Assets Investment Management LLC lifted its position in shares of 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 valued at $67,000 after acquiring an additional 987 shares in the last quarter. Finally, CWM LLC boosted its stake in 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 during the period.

Analyst Upgrades and Downgrades

TRNO has been the topic of several recent analyst reports. Wedbush reissued a “neutral” rating and set a $70.00 target price (up from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. The Goldman Sachs Group upped their price target on Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Barclays decreased their price objective on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company downgraded Terreno Realty from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $71.00 to $75.00 in a report on Wednesday, August 28th. Finally, JMP Securities raised their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 13th. 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.22.

Terreno Realty Trading Up 1.3 %

Shares of NYSE TRNO opened at $61.21 on Thursday. The business has a 50 day simple moving average of $63.24 and a 200 day simple moving average of $63.29. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.81 and a beta of 0.90. 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 posted its earnings results 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). The business had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. On average, research analysts predict that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.20%. Terreno Realty’s dividend payout ratio (DPR) is currently 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.