Terreno Realty Co. (NYSE:TRNO) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 0.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,415,004 shares of the real estate investment trust’s stock after buying an additional 8,940 shares during the period. Geode Capital Management LLC’s holdings in Terreno Realty were worth $161,423,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TRNO. Stifel Financial Corp boosted its stake in shares of Terreno Realty by 39.3% during the 3rd quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust’s stock worth $6,156,000 after acquiring an additional 25,988 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Terreno Realty by 22.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock valued at $115,475,000 after purchasing an additional 315,506 shares during the period. Sei Investments Co. increased its stake in Terreno Realty by 27.0% in the 2nd quarter. Sei Investments Co. now owns 482,394 shares of the real estate investment trust’s stock worth $28,549,000 after purchasing an additional 102,456 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Terreno Realty by 9.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 86,727 shares of the real estate investment trust’s stock worth $5,133,000 after purchasing an additional 7,483 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Terreno Realty by 19.0% during the 2nd quarter. Victory Capital Management Inc. now owns 46,601 shares of the real estate investment trust’s stock worth $2,758,000 after buying an additional 7,441 shares during the period.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Barclays decreased their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Scotiabank cut 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 note on Friday, October 25th. Mizuho reaffirmed an “underperform” rating and issued a $62.00 target price on shares of Terreno Realty in a research report on Thursday, September 5th. Finally, Wolfe Research raised Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Terreno Realty has a consensus rating of “Hold” and a consensus price target of $69.22.

Terreno Realty Trading Down 0.7 %

NYSE TRNO opened at $62.25 on Monday. The company has a market capitalization of $6.21 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 2.87 and a beta of 0.89. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year high of $71.63. 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 simple moving average is $61.83 and its 200-day simple moving average is $63.68.

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 analysts’ consensus estimates of $0.61 by ($0.24). The firm 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, sell-side analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal 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 given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, December 13th. Terreno Realty’s dividend payout ratio is 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.