Terreno Realty Co. (NYSE:TRNO) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC boosted its stake in Terreno Realty Co. (NYSE:TRNO) by 4.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 23,624 shares of the real estate investment trust’s stock after purchasing an additional 995 shares during the period. Pathstone Holdings LLC’s holdings in Terreno Realty were worth $1,579,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TRNO. Huntington National Bank lifted its holdings in Terreno Realty by 7.4% during the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 177 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Terreno Realty by 9.9% in the 2nd quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 284 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Terreno Realty by 1.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock worth $1,860,000 after acquiring an additional 300 shares in the last quarter. Creative Planning lifted its stake in Terreno Realty by 7.0% during the second quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 312 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 381 shares during the last quarter.

Terreno Realty Trading Up 1.3 %

NYSE:TRNO opened at $61.21 on Thursday. The business’s 50-day simple moving average is $63.24 and its 200 day simple moving average is $63.29. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 2.81 and a beta of 0.90. 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 for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The firm had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. As a group, sell-side analysts predict that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty’s dividend payout ratio (DPR) is presently 107.69%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TRNO. Barclays lowered their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. JMP Securities increased their price objective on Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 13th. Wedbush restated a “neutral” rating and set a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. The Goldman Sachs Group increased their price objective on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Mizuho reaffirmed an “underperform” rating and issued a $62.00 target price on shares of Terreno Realty in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.22.

Terreno Realty Company 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.