Tidal Investments LLC Acquires 8,490 Shares of Terreno Realty Co. (NYSE:TRNO)

Tidal Investments LLC grew its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 15.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,852 shares of the real estate investment trust’s stock after acquiring an additional 8,490 shares during the period. Tidal Investments LLC’s holdings in Terreno Realty were worth $4,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TRNO. V Square Quantitative Management LLC bought a new stake in Terreno Realty during the 3rd quarter worth approximately $26,000. Assetmark Inc. raised its position in shares of Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 381 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Terreno Realty during the 2nd quarter valued at $48,000. International Assets Investment Management LLC boosted its holdings in 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 worth $67,000 after buying an additional 987 shares during the period. Finally, CWM LLC increased 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 buying an additional 438 shares in the last quarter.

Terreno Realty Price Performance

Terreno Realty stock opened at $62.25 on Friday. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 2.87 and a beta of 0.89. The firm’s fifty day moving average is $61.83 and its 200 day moving average is $63.62. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20.

Terreno Realty (NYSE:TRNO) last released its quarterly 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). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The company had revenue of $99.64 million during the quarter, compared to analysts’ expectations of $96.31 million. Sell-side analysts forecast that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business 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. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.15%. Terreno Realty’s payout ratio is presently 107.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TRNO shares. Wolfe Research upgraded Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Scotiabank dropped their price target on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Mizuho restated an “underperform” rating and set a $62.00 target price on shares of Terreno Realty in a research report on Thursday, September 5th. Finally, Wells Fargo & Company downgraded shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $71.00 to $75.00 in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.