Cynosure Group LLC Lowers Holdings in Terreno Realty Co. (NYSE:TRNO)

Cynosure Group LLC lowered its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 17.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,261 shares of the real estate investment trust’s stock after selling 1,126 shares during the quarter. Cynosure Group LLC’s holdings in Terreno Realty were worth $352,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in Terreno Realty during the third quarter worth approximately $26,000. Assetmark Inc. boosted its holdings in Terreno Realty by 2,381.3% in the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 381 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Terreno Realty during the second quarter valued at about $48,000. International Assets Investment Management LLC increased its stake in Terreno Realty by 6,580.0% during the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 987 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Terreno Realty by 58.2% in the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 438 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays decreased their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. JMP Securities raised their target price on shares of 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 upped their price target for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th. Finally, The Goldman Sachs Group raised their price objective on Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $69.22.

Terreno Realty Stock Up 1.3 %

Shares of NYSE TRNO opened at $61.21 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The stock’s 50-day simple moving average is $63.08 and its 200-day simple moving average is $63.28. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.82 and a beta of 0.90.

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

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be issued a $0.49 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.20%. Terreno Realty’s dividend payout ratio is presently 107.69%.

About Terreno Realty

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.