Capital Analysts LLC Sells 253 Shares of Terreno Realty Co. (NYSE:TRNO)

Capital Analysts LLC reduced its holdings in Terreno Realty Co. (NYSE:TRNO) by 18.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,127 shares of the real estate investment trust’s stock after selling 253 shares during the quarter. Capital Analysts LLC’s holdings in Terreno Realty were worth $71,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Metropolitan Life Insurance Co NY boosted its stake in Terreno Realty by 2.5% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,638 shares of the real estate investment trust’s stock valued at $378,000 after purchasing an additional 164 shares during the period. Advisor Group Holdings Inc. boosted its position in shares of Terreno Realty by 6.8% in the first quarter. Advisor Group Holdings Inc. now owns 3,948 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 253 shares during the period. Ronald Blue Trust Inc. grew its stake in shares of Terreno Realty by 93.9% in the third quarter. Ronald Blue Trust Inc. now owns 537 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 260 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Terreno Realty by 1.6% during the second quarter. Orion Portfolio Solutions LLC now owns 17,326 shares of the real estate investment trust’s stock worth $1,041,000 after acquiring an additional 277 shares during the period. Finally, Mariner LLC raised its stake in Terreno Realty by 5.8% during the 3rd quarter. Mariner LLC now owns 5,487 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 300 shares during the last quarter.

Terreno Realty Stock Down 1.4 %

Shares of NYSE:TRNO opened at $54.75 on Friday. The company’s fifty day moving average is $63.02 and its 200-day moving average is $60.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.68 and a current ratio of 2.68. Terreno Realty Co. has a 52 week low of $50.42 and a 52 week high of $66.63. The company has a market capitalization of $5.28 billion, a PE ratio of 30.25, a P/E/G ratio of 2.55 and a beta of 0.81.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.10. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. The firm had revenue of $86.48 million for the quarter, compared to analysts’ expectations of $84.06 million. Equities research analysts predict that Terreno Realty Co. will post 2.42 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, March 28th were given a $0.45 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 annualized dividend and a yield of 3.29%. Terreno Realty’s payout ratio is 99.45%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a research report on Saturday, March 23rd. Piper Sandler boosted their price target on Terreno Realty from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Mizuho raised their price objective on Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group boosted their price objective on Terreno Realty from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Finally, Scotiabank raised their target price on Terreno Realty from $64.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $67.11.

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.