Daiwa Securities Group Inc. Lowers Position in Terreno Realty Co. (NYSE:TRNO)

Daiwa Securities Group Inc. trimmed its stake in Terreno Realty Co. (NYSE:TRNO) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,958 shares of the real estate investment trust’s stock after selling 311 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Terreno Realty were worth $2,065,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Ronald Blue Trust Inc. grew its holdings in Terreno Realty by 93.9% in the third quarter. Ronald Blue Trust Inc. now owns 537 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 260 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Terreno Realty in the fourth quarter valued at approximately $35,000. Blue Trust Inc. lifted its position in Terreno Realty by 84.2% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 452 shares in the last quarter. Dfpg Investments LLC acquired a new position in Terreno Realty during the fourth quarter valued at approximately $200,000. Finally, Covestor Ltd lifted its position in Terreno Realty by 16.9% during the third quarter. Covestor Ltd now owns 3,561 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 514 shares in the last quarter.

Terreno Realty Trading Up 0.2 %

NYSE TRNO opened at $55.07 on Tuesday. The stock has a market cap of $5.32 billion, a P/E ratio of 30.43, a PEG ratio of 2.53 and a beta of 0.81. The company’s fifty day simple moving average is $62.69 and its 200-day simple moving average is $60.06. 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 52 week low of $50.42 and a 52 week high of $66.63.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.10. The firm had revenue of $86.48 million for the quarter, compared to analysts’ expectations of $84.06 million. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. Equities research analysts predict that Terreno Realty Co. will post 2.42 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Thursday, March 28th were issued a $0.45 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 annualized dividend and a yield of 3.27%. Terreno Realty’s dividend payout ratio is presently 99.45%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TRNO. Wedbush reaffirmed a “neutral” rating and set a $67.00 price target on shares of Terreno Realty in a research report on Thursday, March 28th. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price target on shares of Terreno Realty in a research report on Thursday, March 28th. StockNews.com raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a research report on Saturday, March 23rd. Scotiabank lifted their price target on shares of Terreno Realty from $64.00 to $66.00 and gave the company a “sector perform” rating in a research report on Monday, February 12th. Finally, Barclays initiated coverage on shares of Terreno Realty in a research report on Wednesday, March 27th. They set an “overweight” rating and a $71.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $67.11.

Terreno Realty 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.