Virtus Advisers LLC Purchases New Position in Terreno Realty Corporation $TRNO

Virtus Advisers LLC acquired a new stake in Terreno Realty Corporation (NYSE:TRNO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,310 shares of the real estate investment trust’s stock, valued at approximately $795,000.

A number of other institutional investors also recently modified their holdings of TRNO. BlackRock Inc. acquired a new stake in Terreno Realty in the 2nd quarter valued at $1,213,726,000. Legal & General Group Plc purchased a new position in Terreno Realty during the 2nd quarter worth $61,764,000. Bank of New York Mellon Corp bought a new stake in shares of Terreno Realty in the 2nd quarter worth $53,869,000. Bank of America Corp DE bought a new stake in Terreno Realty in the 2nd quarter worth about $52,358,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Terreno Realty by 19,261.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 646,088 shares of the real estate investment trust’s stock valued at $41,847,000 after acquiring an additional 642,751 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on TRNO shares. Royal Bank Of Canada set a $73.00 price objective on Terreno Realty in a research note on Wednesday, October 7th. Mizuho raised their price objective on shares of Terreno Realty from $56.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, August 19th. Scotiabank boosted their target price on Terreno Realty from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. BMO Capital Markets raised shares of Terreno Realty from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research note on Monday, October 12th. Finally, KeyCorp increased their price objective on Terreno Realty from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Terreno Realty currently has an average rating of “Moderate Buy” and a consensus price target of $73.88.

Terreno Realty Trading Up 0.7%

Shares of TRNO traded up $0.48 during mid-day trading on Friday, hitting $67.01. 782,917 shares of the company’s stock traded hands, compared to its average volume of 791,208. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.21. Terreno Realty Corporation has a 1 year low of $57.95 and a 1 year high of $78.94. The firm has a market capitalization of $7.39 billion, a P/E ratio of 20.00 and a beta of 0.98. The business’s 50-day moving average price is $65.60 and its 200-day moving average price is $66.02.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. Terreno Realty had a net margin of 68.05% and a return on equity of 8.10%. The firm had revenue of $132.23 million during the quarter, compared to analysts’ expectations of $128.72 million. As a group, sell-side analysts forecast that Terreno Realty Corporation will post 2.83 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 8th. Shareholders of record on Tuesday, December 15th will be issued a $0.57 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $2.28 dividend on an annualized basis and a yield of 3.4%. Terreno Realty’s dividend payout ratio is 68.06%.

Terreno Realty Company Profile

Terreno Realty Corporation is a real estate investment trust that acquires, owns, and operates industrial properties. Its portfolio includes warehouses and distribution facilities, as well as other properties used for activities such as transportation, logistics, and light manufacturing. The company focuses on major coastal U.S. markets, including New York City, Northern New Jersey, Los Angeles, the San Francisco Bay Area, Seattle, and Miami. In addition to acquiring and leasing properties, Terreno pursues redevelopment and improvement projects to support its tenants’ industrial and distribution needs.