Terreno Realty Co. (NYSE:TRNO) Stake Lessened by State Street Corp

State Street Corp lessened its holdings in Terreno Realty Co. (NYSE:TRNO) by 0.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,153,762 shares of the real estate investment trust’s stock after selling 5,255 shares during the period. State Street Corp’s holdings in Terreno Realty were worth $279,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Huntington National Bank boosted its position 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 acquiring an additional 177 shares during the period. Amalgamated Bank lifted its position in shares of Terreno Realty by 9.9% in the second quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 284 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Terreno Realty by 1.1% during the third quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock worth $1,860,000 after purchasing an additional 300 shares during the period. Creative Planning grew its position 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 valued at $284,000 after purchasing an additional 312 shares in the last quarter. Finally, Assetmark Inc. increased its stake in 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 period.

Analyst Ratings Changes

Several equities analysts have recently commented on TRNO shares. Scotiabank lowered their price target on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Mizuho restated an “underperform” rating and issued a $62.00 target price on shares of Terreno Realty in a research note on Thursday, September 5th. Wolfe Research raised Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company lowered shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $71.00 to $75.00 in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Terreno Realty has an average rating of “Hold” and a consensus price target of $69.22.

Terreno Realty Stock Down 0.7 %

Shares of Terreno Realty stock opened at $62.78 on Wednesday. Terreno Realty Co. has a 12-month low of $53.78 and a 12-month high of $71.63. The stock has a market capitalization of $6.26 billion, a P/E ratio of 34.49, a PEG ratio of 2.73 and a beta of 0.90. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $61.98 and a two-hundred day moving average price of $63.59.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The firm had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. Equities analysts expect that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, December 13th. Terreno Realty’s dividend payout ratio (DPR) is currently 107.69%.

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.