Stifel Financial Corp Purchases 25,988 Shares of Terreno Realty Co. (NYSE:TRNO)

Stifel Financial Corp increased its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 39.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,115 shares of the real estate investment trust’s stock after buying an additional 25,988 shares during the quarter. Stifel Financial Corp’s holdings in Terreno Realty were worth $6,156,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. HighTower Advisors LLC bought a new stake in Terreno Realty during the third quarter worth $255,000. Centiva Capital LP bought a new stake in Terreno Realty during the third quarter worth $472,000. Edgestream Partners L.P. bought a new stake in Terreno Realty during the third quarter worth $646,000. Verition Fund Management LLC bought a new stake in Terreno Realty during the third quarter worth $225,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Terreno Realty by 339.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust’s stock worth $40,842,000 after buying an additional 472,125 shares in the last quarter.

Terreno Realty Price Performance

Shares of Terreno Realty stock opened at $62.22 on Friday. 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 has a market capitalization of $6.21 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The business’s 50-day moving average price is $61.90 and its 200-day moving average price is $63.58. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63.

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 the consensus estimate of $0.61 by ($0.24). The firm had revenue of $99.64 million for 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%. Sell-side analysts forecast that Terreno Realty Co. will post 2.41 EPS 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. Shareholders of record on Friday, December 13th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.15%. Terreno Realty’s dividend payout ratio (DPR) is currently 107.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Scotiabank cut their price objective on 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. Wells Fargo & Company cut Terreno Realty from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th. Wedbush reissued a “neutral” rating and issued a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Finally, Mizuho reaffirmed an “underperform” rating and set a $62.00 price target on shares of Terreno Realty in a research report on Thursday, September 5th. Two research 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 MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.