Eagle Asset Management Inc. Increases Stock Position in Terreno Realty Co. (NYSE:TRNO)

Eagle Asset Management Inc. grew its stake in Terreno Realty Co. (NYSE:TRNO) by 35.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,720 shares of the real estate investment trust’s stock after buying an additional 45,640 shares during the period. Eagle Asset Management Inc.’s holdings in Terreno Realty were worth $10,709,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TRNO. V Square Quantitative Management LLC bought a new position in Terreno Realty in the third quarter valued at $26,000. Assetmark Inc. boosted its stake in Terreno Realty by 2,381.3% in 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. Ashton Thomas Private Wealth LLC bought a new position in Terreno Realty during the second quarter valued at approximately $48,000. EntryPoint Capital LLC raised its stake in shares of 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 in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of 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 acquiring an additional 987 shares during the last quarter.

Terreno Realty Price Performance

Shares of TRNO stock opened at $60.40 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The firm has a market cap of $6.02 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.77 and a beta of 0.90. The business’s 50 day moving average price is $63.73 and its 200-day moving average price is $63.11.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (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 company had revenue of $99.64 million for the quarter, compared to analysts’ expectations of $96.31 million. On average, equities research analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.25%. Terreno Realty’s dividend payout ratio (DPR) is presently 107.69%.

Wall Street Analyst Weigh In

TRNO has been the topic of a number of analyst reports. Scotiabank decreased their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Wolfe Research raised Terreno Realty to a “hold” rating in a research note 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. The Goldman Sachs Group raised their price target on Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Terreno Realty currently 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.