Townsquare Capital LLC Boosts Stake in Terreno Realty Co. (NYSE:TRNO)

Townsquare Capital LLC raised its position in Terreno Realty Co. (NYSE:TRNO) by 9.8% during the third quarter, Holdings Channel reports. The firm owned 35,718 shares of the real estate investment trust’s stock after buying an additional 3,176 shares during the quarter. Townsquare Capital LLC’s holdings in Terreno Realty were worth $2,387,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale grew its position in Terreno Realty by 107.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,548 shares of the real estate investment trust’s stock valued at $3,185,000 after acquiring an additional 25,683 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Terreno Realty by 22.3% in the third 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 in the last quarter. Harbor Capital Advisors Inc. increased its stake in Terreno Realty by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,712 shares of the real estate investment trust’s stock worth $693,000 after buying an additional 8,728 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Terreno Realty during the 2nd quarter worth approximately $7,815,000. Finally, Sei Investments Co. boosted its position 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 valued at $28,549,000 after buying an additional 102,456 shares during the period.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TRNO shares. 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 boosted their price objective on Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. 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 report on Monday, October 28th. Finally, Wells Fargo & Company lowered shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $71.00 to $75.00 in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $69.22.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $60.63 on Friday. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The firm has a market capitalization of $6.05 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.82 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. The company’s fifty day moving average price is $62.92 and its 200 day moving average price is $63.37.

Terreno Realty (NYSE:TRNO) last posted its earnings results 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 for the quarter, compared to analyst estimates 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 predict 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. 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 3.23%. Terreno Realty’s dividend payout ratio (DPR) is presently 107.69%.

Terreno Realty Company 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.