Barclays PLC Purchases 96,380 Shares of Terreno Realty Co. (NYSE:TRNO)

Barclays PLC boosted its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 131.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,980 shares of the real estate investment trust’s stock after acquiring an additional 96,380 shares during the period. Barclays PLC owned about 0.17% of Terreno Realty worth $11,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new stake in shares of Terreno Realty during the 3rd quarter worth $26,000. Assetmark Inc. boosted its position in shares of Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 381 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Terreno Realty during the 2nd quarter valued at about $48,000. International Assets Investment Management LLC raised its stake in Terreno Realty by 6,580.0% in the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 987 shares during the last quarter. Finally, CWM LLC boosted its holdings in Terreno Realty by 58.2% in the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 438 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRNO. Scotiabank decreased their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. Wolfe Research raised Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Barclays dropped their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company lowered shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $71.00 to $75.00 in a research note on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Terreno Realty presently has a consensus rating of “Hold” and a consensus price target of $69.22.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $62.03 on Tuesday. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20. Terreno Realty Co. has a 12-month low of $53.78 and a 12-month high of $71.63. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 34.32, a price-to-earnings-growth ratio of 2.87 and a beta of 0.89. The stock has a 50 day simple moving average of $61.83 and a 200-day simple moving average of $63.74.

Terreno Realty (NYSE:TRNO) last released 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). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The company had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. On average, equities analysts forecast that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.16%. Terreno Realty’s payout ratio is currently 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.