Tidal Investments LLC Increases Stock Position in Terreno Realty Co. (NYSE:TRNO)

Tidal Investments LLC grew its position in shares of Terreno Realty Co. (NYSE:TRNO) by 15.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,852 shares of the real estate investment trust’s stock after acquiring an additional 8,490 shares during the period. Tidal Investments LLC owned about 0.06% of Terreno Realty worth $4,134,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TRNO. CWM LLC lifted its stake in Terreno Realty by 58.2% in the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 438 shares during the period. Blue Trust Inc. lifted its position in shares of Terreno Realty by 206.9% in the 2nd quarter. Blue Trust Inc. now owns 1,777 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 1,198 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Terreno Realty by 1.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 106,731 shares of the real estate investment trust’s stock valued at $6,316,000 after purchasing an additional 1,268 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Terreno Realty by 11.4% in the second quarter. Nisa Investment Advisors LLC now owns 32,541 shares of the real estate investment trust’s stock worth $1,940,000 after buying an additional 3,321 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Terreno Realty in the second quarter worth about $328,000.

Terreno Realty Price Performance

Shares of TRNO opened at $62.25 on Friday. The company has a market capitalization of $6.21 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 2.87 and a beta of 0.89. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. 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 firm has a 50 day moving average of $61.83 and a 200 day moving average of $63.62.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share 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 business had revenue of $99.64 million during the quarter, compared to analysts’ expectations of $96.31 million. As a group, equities research 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. Stockholders 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 3.15%. The ex-dividend date is Friday, December 13th. Terreno Realty’s payout ratio is presently 107.69%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TRNO shares. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. JMP Securities restated a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, December 9th. Scotiabank reduced their target price 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. Barclays lowered their price target on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Finally, Mizuho reaffirmed an “underperform” rating and set a $62.00 target price on shares of Terreno Realty in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $69.22.

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.