Capital Square LLC Sells 514 Shares of Terreno Realty Co. (NYSE:TRNO)

Capital Square LLC reduced its position in Terreno Realty Co. (NYSE:TRNO) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,547 shares of the real estate investment trust’s stock after selling 514 shares during the quarter. Capital Square LLC’s holdings in Terreno Realty were worth $1,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TRNO. American International Group Inc. lifted its holdings in shares of Terreno Realty by 0.9% in the 1st quarter. American International Group Inc. now owns 41,600 shares of the real estate investment trust’s stock worth $2,762,000 after acquiring an additional 368 shares during the last quarter. EntryPoint Capital LLC boosted its position 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 valued at $62,000 after buying an additional 419 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Terreno Realty by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust’s stock valued at $276,381,000 after buying an additional 291,051 shares during the period. Public Employees Retirement System of Ohio lifted its position in Terreno Realty by 10.8% in the first quarter. Public Employees Retirement System of Ohio now owns 133,856 shares of the real estate investment trust’s stock valued at $8,888,000 after purchasing an additional 13,064 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Terreno Realty by 1.8% in the first quarter. Janus Henderson Group PLC now owns 47,635 shares of the real estate investment trust’s stock worth $3,164,000 after buying an additional 826 shares during the period.

Terreno Realty Stock Up 1.1 %

NYSE:TRNO traded up $0.68 during midday trading on Monday, reaching $61.08. 44,821 shares of the stock traded hands, compared to its average volume of 703,949. Terreno Realty Co. has a 12-month low of $53.78 and a 12-month high of $71.63. The stock has a market capitalization of $6.09 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.78 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 has a 50-day moving average of $63.73 and a two-hundred day moving average of $63.23.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data 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). The firm had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. On average, equities analysts forecast that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty’s dividend payout ratio (DPR) is 107.69%.

Analysts Set New Price Targets

TRNO has been the subject of several research analyst reports. 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 report on Tuesday, August 13th. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Barclays lowered their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Wedbush reaffirmed a “neutral” rating and issued a $70.00 target price (up from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Finally, The Goldman Sachs Group raised their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.