Terreno Realty Co. (NYSE:TRNO) Stake Lessened by Bernzott Capital Advisors

Bernzott Capital Advisors lowered its holdings in Terreno Realty Co. (NYSE:TRNO) by 9.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 108,597 shares of the real estate investment trust’s stock after selling 11,287 shares during the period. Terreno Realty comprises approximately 3.2% of Bernzott Capital Advisors’ investment portfolio, making the stock its 13th largest position. Bernzott Capital Advisors’ holdings in Terreno Realty were worth $6,422,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TRNO. V Square Quantitative Management LLC purchased a new stake in shares of Terreno Realty during the third quarter worth $26,000. Assetmark Inc. raised 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 acquiring an additional 381 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of 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 in the last quarter. Huntington National Bank raised its holdings in shares of Terreno Realty by 7.4% during the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 177 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Terreno Realty by 9.9% during the second quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 284 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TRNO shares. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday. They set a “hold” rating and a $60.00 price objective for the company. Barclays reiterated an “equal weight” rating and set a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a report on Monday. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Scotiabank lowered 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. Finally, JMP Securities reissued a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.50.

Terreno Realty Trading Up 2.7 %

Shares of NYSE:TRNO opened at $61.34 on Friday. The company has a market cap of $6.12 billion, a P/E ratio of 33.70, a P/E/G ratio of 2.41 and a beta of 0.90. The stock’s 50-day moving average is $60.21 and its 200-day moving average is $63.93. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. 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 (NYSE:TRNO) last issued 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 business 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%. Equities research analysts predict that Terreno Realty Co. will post 2.42 earnings per share for the current year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Friday, December 13th. Terreno Realty’s dividend payout ratio is currently 107.69%.

Terreno Realty 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.