Terreno Realty Co. (NYSE:TRNO) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC lessened its position in Terreno Realty Co. (NYSE:TRNO) by 3.0% during the fourth quarter, Holdings Channel reports. The fund owned 21,018 shares of the real estate investment trust’s stock after selling 652 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Terreno Realty were worth $1,243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. increased its stake in shares of Terreno Realty by 2,381.3% in the third 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. Manchester Capital Management LLC acquired a new stake in Terreno Realty in the 4th quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC raised its stake in Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 361 shares in the last quarter. International Assets Investment Management LLC boosted its position in Terreno Realty by 6,580.0% during 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 period. Finally, Huntington National Bank grew its stake in shares of Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 177 shares in the last quarter.

Terreno Realty Stock Up 0.4 %

Shares of Terreno Realty stock opened at $68.46 on Friday. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The company has a market cap of $6.83 billion, a P/E ratio of 35.66, a P/E/G ratio of 2.82 and a beta of 0.91. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $64.26 and a 200 day moving average price of $64.06.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. As a group, analysts expect that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Barclays restated an “equal weight” rating and set a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Piper Sandler reduced their price target on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. BMO Capital Markets increased their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price on the stock. Finally, JMP Securities reiterated a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $69.36.

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.