Pacer Advisors Inc. Has $6.81 Million Stake in Terreno Realty Co. (NYSE:TRNO)

Pacer Advisors Inc. decreased its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 12.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,696 shares of the real estate investment trust’s stock after selling 16,090 shares during the quarter. Pacer Advisors Inc. owned approximately 0.13% of Terreno Realty worth $6,812,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in Terreno Realty in the first quarter valued at $28,000. Ronald Blue Trust Inc. lifted its stake in shares of Terreno Realty by 93.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 537 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 260 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Terreno Realty during the 4th quarter worth about $35,000. Pinebridge Investments L.P. acquired a new stake in shares of Terreno Realty during the 2nd quarter worth about $49,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Terreno Realty during the 4th quarter worth about $89,000.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $65.34 on Thursday. The firm has a market capitalization of $5.88 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 2.97 and a beta of 0.81. The firm has a fifty day simple moving average of $62.72 and a two-hundred day simple moving average of $59.73. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.28. Terreno Realty Co. has a 12 month low of $50.42 and a 12 month high of $65.64.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $84.06 million. Analysts forecast that Terreno Realty Co. will post 2.39 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Thursday, March 28th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 99.45%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TRNO shares. The Goldman Sachs Group raised their target price on shares of Terreno Realty from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Barclays began coverage on shares of Terreno Realty in a research note on Wednesday. They set an “overweight” rating and a $71.00 target price for the company. Wells Fargo & Company began coverage on shares of Terreno Realty in a research report on Thursday, December 7th. They set an “overweight” rating and a $71.00 price target on the stock. Scotiabank raised their price target on shares of Terreno Realty from $64.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Monday, February 12th. Finally, Mizuho lowered their price target on shares of Terreno Realty from $67.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 5th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Terreno Realty presently has an average rating of “Hold” and a consensus target price of $65.89.

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.