Eagle Asset Management Inc. Increases Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Eagle Asset Management Inc. increased its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 35.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,720 shares of the real estate investment trust’s stock after buying an additional 45,640 shares during the quarter. Eagle Asset Management Inc. owned 0.17% of Terreno Realty worth $10,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TRNO. V Square Quantitative Management LLC purchased a new position in shares of Terreno Realty in the 3rd quarter worth approximately $26,000. Assetmark Inc. grew its stake in Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 381 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Terreno Realty in the 2nd quarter valued at $48,000. EntryPoint Capital LLC increased its position in shares of Terreno Realty by 80.3% during the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 419 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Terreno Realty by 6,580.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 987 shares during the period.

Terreno Realty Stock Up 0.3 %

Shares of NYSE TRNO opened at $60.40 on Friday. 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 company has a market cap of $6.02 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.77 and a beta of 0.90. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The business has a 50-day simple moving average of $63.73 and a two-hundred day simple moving average of $63.11.

Terreno Realty (NYSE:TRNO) last released 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). 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%. Research analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.25%. Terreno Realty’s dividend payout ratio (DPR) is currently 107.69%.

Analyst Ratings Changes

A number of analysts recently issued reports on TRNO shares. StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Barclays decreased 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 note on Monday, October 28th. Mizuho reiterated an “underperform” rating and issued a $62.00 price objective on shares of Terreno Realty in a research note on Thursday, September 5th. The Goldman Sachs Group raised their target price on Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Wells Fargo & Company cut Terreno Realty from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $71.00 to $75.00 in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.22.

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.