Segall Bryant & Hamill LLC Decreases Stock Position in Terreno Realty Co. (NYSE:TRNO)

Segall Bryant & Hamill LLC cut its holdings in Terreno Realty Co. (NYSE:TRNO) by 3.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 513,464 shares of the real estate investment trust’s stock after selling 20,735 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.53% of Terreno Realty worth $34,315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in Terreno Realty during the third quarter worth about $26,000. Assetmark Inc. grew its holdings in 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 acquiring an additional 381 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Terreno Realty during the second quarter worth about $48,000. EntryPoint Capital LLC grew its holdings in Terreno Realty by 80.3% during the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 419 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Terreno Realty by 6,580.0% during the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 987 shares during the period.

Terreno Realty Stock Performance

Shares of Terreno Realty stock opened at $60.52 on Wednesday. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.79 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. The business’s 50 day moving average price is $64.40 and its 200 day moving average price is $63.07.

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 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 business had revenue of $99.64 million during the quarter, compared to analysts’ expectations of $96.31 million. On average, research analysts predict that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Dividend Announcement

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

Analyst Upgrades and Downgrades

TRNO has been the topic of several analyst reports. Wolfe Research raised Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. The Goldman Sachs Group raised their target price on Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Scotiabank dropped their price objective 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. Wedbush reissued 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. Finally, JMP Securities raised their price objective on Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $69.22.

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.