Aptus Capital Advisors LLC Has $4.12 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Aptus Capital Advisors LLC grew its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 15.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,679 shares of the real estate investment trust’s stock after acquiring an additional 8,307 shares during the period. Aptus Capital Advisors LLC’s holdings in Terreno Realty were worth $4,122,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TRNO. Versor Investments LP acquired a new stake in Terreno Realty during the 3rd quarter worth approximately $495,000. Assetmark Inc. lifted its holdings 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 buying an additional 381 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Terreno Realty by 112.3% during the third quarter. Harbor Capital Advisors Inc. now owns 24,869 shares of the real estate investment trust’s stock worth $1,662,000 after buying an additional 13,157 shares in the last quarter. US Bancorp DE boosted its position in shares of Terreno Realty by 7.2% in the third quarter. US Bancorp DE now owns 30,378 shares of the real estate investment trust’s stock valued at $2,030,000 after acquiring an additional 2,040 shares during the period. Finally, Congress Asset Management Co. grew its stake in shares of Terreno Realty by 8.2% in the third quarter. Congress Asset Management Co. now owns 261,033 shares of the real estate investment trust’s stock valued at $17,445,000 after acquiring an additional 19,738 shares in the last quarter.

Terreno Realty Stock Performance

NYSE:TRNO opened at $61.00 on Wednesday. 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 market capitalization of $6.08 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 2.86 and a beta of 0.90. Terreno Realty Co. has a twelve month low of $53.23 and a twelve month high of $71.63. The stock’s 50-day simple moving average is $65.16 and its 200 day simple moving average is $62.84.

Terreno Realty (NYSE:TRNO) last announced 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). The company had revenue of $99.64 million for the quarter, compared to the consensus estimate of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. On average, analysts anticipate that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders 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 dividend yield of 3.21%. Terreno Realty’s dividend payout ratio (DPR) is presently 107.69%.

Analyst Ratings Changes

A number of research firms have issued reports on TRNO. JMP Securities boosted their price objective on shares of Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a report on Tuesday, August 13th. Wedbush reissued a “neutral” rating and set a $70.00 price target (up previously from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Wolfe Research raised Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Scotiabank reduced their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Terreno Realty presently has a consensus rating of “Hold” and a consensus price target 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.