Tandem Investment Advisors Inc. Acquires 52,785 Shares of Terreno Realty Co. (NYSE:TRNO)

Tandem Investment Advisors Inc. grew its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,081,224 shares of the real estate investment trust’s stock after buying an additional 52,785 shares during the quarter. Terreno Realty accounts for approximately 2.4% of Tandem Investment Advisors Inc.’s holdings, making the stock its 23rd biggest holding. Tandem Investment Advisors Inc. owned approximately 1.08% of Terreno Realty worth $63,944,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank boosted its stake in shares of Terreno Realty by 7.4% during the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 177 shares during the period. MML Investors Services LLC lifted its holdings in Terreno Realty by 6.1% during the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 249 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Terreno Realty by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust’s stock valued at $8,050,000 after buying an additional 370 shares during the period. 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 worth $27,000 after acquiring an additional 381 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Terreno Realty by 7.4% during the fourth quarter. Fifth Third Bancorp now owns 6,436 shares of the real estate investment trust’s stock worth $381,000 after acquiring an additional 441 shares during the period.

Terreno Realty Stock Down 0.2 %

NYSE:TRNO opened at $66.84 on Friday. The company’s 50-day simple moving average is $62.56 and its 200-day simple moving average is $64.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The stock has a market capitalization of $6.67 billion, a P/E ratio of 34.81, a P/E/G ratio of 2.82 and a beta of 0.91.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. On average, equities analysts anticipate that Terreno Realty Co. will post 2.64 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 Friday, April 4th. Investors of record on Thursday, March 27th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 2.93%. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Analyst Ratings Changes

TRNO has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price target for the company. Scotiabank lowered their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. JMP Securities reissued a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. Barclays restated 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, January 13th. Finally, BMO Capital Markets increased their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $68.45.

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.