Aptus Capital Advisors LLC Has $4.12 Million Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Aptus Capital Advisors LLC boosted its position in shares of Terreno Realty Co. (NYSE:TRNO) by 15.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,679 shares of the real estate investment trust’s stock after purchasing an additional 8,307 shares during the quarter. Aptus Capital Advisors LLC owned 0.06% of Terreno Realty worth $4,122,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in shares of Terreno Realty by 238.3% during the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock worth $78,587,000 after purchasing an additional 935,418 shares during the period. Vanguard Group Inc. raised its holdings in Terreno Realty by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust’s stock worth $861,988,000 after buying an additional 919,851 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Terreno Realty in the second quarter valued at approximately $39,064,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Terreno Realty by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust’s stock valued at $276,381,000 after buying an additional 291,051 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Terreno Realty by 7.3% during the second quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust’s stock worth $127,287,000 after acquiring an additional 146,808 shares in the last quarter.

Analysts Set New Price Targets

Several research firms recently commented on TRNO. StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Barclays decreased their price objective on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, October 28th. JMP Securities boosted their target price 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. Wells Fargo & Company cut shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $71.00 to $75.00 in a research note on Wednesday, August 28th. Finally, Scotiabank cut their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $69.22.

Terreno Realty Stock Performance

NYSE TRNO opened at $61.00 on Wednesday. The firm has a market capitalization of $6.08 billion, a P/E ratio of 33.52, a price-to-earnings-growth ratio of 2.86 and a beta of 0.90. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $65.16 and its two-hundred day moving average price is $62.84. Terreno Realty Co. has a 1 year low of $53.23 and a 1 year high of $71.63.

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

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, December 13th. Terreno Realty’s payout ratio is presently 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.