Terreno Realty Co. (NYSE:TRNO) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC cut its stake in Terreno Realty Co. (NYSE:TRNO) by 51.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,998 shares of the real estate investment trust’s stock after selling 12,797 shares during the quarter. Nebula Research & Development LLC’s holdings in Terreno Realty were worth $710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in Terreno Realty by 10.8% in the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock valued at $902,293,000 after buying an additional 1,484,301 shares during the last quarter. FMR LLC lifted its holdings in shares of Terreno Realty by 5.9% in the 4th quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust’s stock worth $663,987,000 after acquiring an additional 628,116 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Terreno Realty by 4.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,145,502 shares of the real estate investment trust’s stock worth $304,305,000 after acquiring an additional 210,696 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Terreno Realty by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust’s stock worth $144,031,000 after acquiring an additional 19,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Terreno Realty by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust’s stock worth $108,729,000 after acquiring an additional 110,610 shares during the last quarter.

Terreno Realty Trading Up 0.5 %

NYSE TRNO opened at $56.92 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The firm’s fifty day moving average price is $61.86 and its 200 day moving average price is $61.99. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. Terreno Realty Co. has a 12 month low of $48.18 and a 12 month high of $71.63.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating 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%. On average, sell-side analysts expect that Terreno Realty Co. will post 2.64 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 4th. Shareholders of record on Thursday, March 27th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.44%. The ex-dividend date was Thursday, March 27th. Terreno Realty’s payout ratio is currently 102.08%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TRNO. BMO Capital Markets upped their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective on the stock. JMP Securities restated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. Scotiabank decreased their price objective on shares of Terreno Realty from $68.00 to $57.00 and set a “sector perform” rating on the stock in a report on Monday, April 7th. Finally, The Goldman Sachs Group upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and increased their target price for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $66.45.

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.