Versor Investments LP Makes New $495,000 Investment in Terreno Realty Co. (NYSE:TRNO)

Versor Investments LP acquired a new stake in shares of Terreno Realty Co. (NYSE:TRNO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,400 shares of the real estate investment trust’s stock, valued at approximately $495,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Janney Montgomery Scott LLC increased its holdings in Terreno Realty by 12.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,754 shares of the real estate investment trust’s stock worth $581,000 after purchasing an additional 937 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Terreno Realty by 71.2% during the first quarter. SG Americas Securities LLC now owns 12,432 shares of the real estate investment trust’s stock worth $825,000 after buying an additional 5,170 shares in the last quarter. Swiss National Bank raised its position in Terreno Realty by 1.9% in the 1st quarter. Swiss National Bank now owns 168,500 shares of the real estate investment trust’s stock valued at $11,188,000 after buying an additional 3,100 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Terreno Realty by 61.3% in the 1st quarter. Russell Investments Group Ltd. now owns 140,319 shares of the real estate investment trust’s stock valued at $9,317,000 after acquiring an additional 53,337 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Terreno Realty by 20.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 28,177 shares of the real estate investment trust’s stock worth $1,820,000 after acquiring an additional 4,820 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TRNO. Wedbush reissued a “neutral” rating and issued a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Wells Fargo & Company downgraded shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $71.00 to $75.00 in a research note on Wednesday, August 28th. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Barclays reduced their price target on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Finally, JMP Securities boosted their price target on Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $69.22.

Terreno Realty Price Performance

Shares of TRNO opened at $60.85 on Friday. The firm has a market capitalization of $6.07 billion, a PE ratio of 33.43, a PEG ratio of 2.81 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. The company’s 50-day moving average is $64.86 and its 200-day moving average is $62.88. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63.

Terreno Realty (NYSE:TRNO) last released 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 firm had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. Equities analysts forecast that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Dividend Announcement

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 given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, December 13th. Terreno Realty’s dividend payout ratio is currently 107.69%.

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.