Citigroup Inc. Has $6.90 Million Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Citigroup Inc. increased its position in shares of Terreno Realty Co. (NYSE:TRNO) by 48.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,289 shares of the real estate investment trust’s stock after acquiring an additional 33,743 shares during the quarter. Citigroup Inc. owned about 0.10% of Terreno Realty worth $6,903,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Terreno Realty during the 3rd quarter valued at about $26,000. Assetmark Inc. raised its holdings in Terreno Realty by 2,381.3% during the 3rd 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 period. Ashton Thomas Private Wealth LLC bought a new position in Terreno Realty in the second quarter valued at approximately $48,000. International Assets Investment Management LLC boosted its holdings 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 valued at $67,000 after buying an additional 987 shares during the period. Finally, CWM LLC increased its position in shares of Terreno Realty by 58.2% during the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 438 shares in the last quarter.

Terreno Realty Trading Down 0.9 %

Shares of Terreno Realty stock opened at $60.63 on Friday. Terreno Realty Co. has a 12-month low of $53.78 and a 12-month 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 business’s 50 day moving average is $62.92 and its 200-day moving average is $63.37. The stock has a market cap of $6.05 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.82 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The firm had revenue of $99.64 million for the quarter, compared to the consensus estimate of $96.31 million. Equities research analysts predict 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. Investors of record on Friday, December 13th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Friday, December 13th. Terreno Realty’s payout ratio is currently 107.69%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TRNO. Mizuho reaffirmed an “underperform” rating and issued a $62.00 target price on shares of Terreno Realty in a research note on Thursday, September 5th. JMP Securities upped their price objective on Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group lifted their target price on Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Finally, Wedbush reiterated a “neutral” rating and issued a $70.00 price objective (up from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.