Terreno Realty Co. (NYSE:TRNO) Shares Sold by Bernzott Capital Advisors

Bernzott Capital Advisors trimmed its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,597 shares of the real estate investment trust’s stock after selling 11,287 shares during the quarter. Terreno Realty comprises 3.2% of Bernzott Capital Advisors’ portfolio, making the stock its 13th largest position. Bernzott Capital Advisors owned approximately 0.11% of Terreno Realty worth $6,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Huntington National Bank raised its position in shares of Terreno Realty by 7.4% during the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 177 shares during the period. MML Investors Services LLC grew its holdings in Terreno Realty by 6.1% in the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 249 shares in the last quarter. Amalgamated Bank grew its holdings in Terreno Realty by 9.9% in the 2nd quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 284 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Terreno Realty by 1.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock worth $1,860,000 after buying an additional 300 shares in the last quarter. Finally, Creative Planning grew its holdings in Terreno Realty by 7.0% in the 2nd quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 312 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRNO. Barclays reissued an “equal weight” rating and issued a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a report on Monday. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Wolfe Research raised Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a report on Tuesday. They issued a “hold” rating and a $60.00 price objective for the company. Finally, Scotiabank decreased their price target on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.50.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $61.34 on Friday. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63. The stock has a fifty day moving average of $60.21 and a 200-day moving average of $63.93. The company has a market capitalization of $6.12 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 2.41 and a beta of 0.90. 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 (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The company had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. As a group, equities analysts anticipate that Terreno Realty Co. will post 2.42 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were given a dividend of $0.49 per share. The ex-dividend date was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.20%. Terreno Realty’s dividend payout ratio (DPR) is presently 107.69%.

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.