Moody Aldrich Partners LLC Has $4.01 Million Holdings in Terreno Realty Co. (NYSE:TRNO)

Moody Aldrich Partners LLC cut its holdings in Terreno Realty Co. (NYSE:TRNO) by 36.5% during the 4th quarter, HoldingsChannel reports. The fund owned 67,784 shares of the real estate investment trust’s stock after selling 38,957 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Terreno Realty were worth $4,009,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. KBC Group NV grew its stake in Terreno Realty by 40.7% during the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 1,059 shares in the last quarter. Blue Trust Inc. grew its stake in Terreno Realty by 55.3% during the fourth quarter. Blue Trust Inc. now owns 4,764 shares of the real estate investment trust’s stock worth $282,000 after buying an additional 1,697 shares in the last quarter. Fifth Third Bancorp grew its stake in 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 buying an additional 441 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Terreno Realty during the fourth quarter worth about $444,000. Finally, Diversify Wealth Management LLC grew its stake in Terreno Realty by 48.0% during the fourth quarter. Diversify Wealth Management LLC now owns 7,341 shares of the real estate investment trust’s stock worth $425,000 after buying an additional 2,382 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TRNO shares. Scotiabank reduced their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. JMP Securities restated a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday, January 6th. Barclays restated an “equal weight” rating and issued a $60.00 price target (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price target on the stock. Finally, StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Terreno Realty has an average rating of “Hold” and an average target price of $67.50.

Terreno Realty Stock Up 0.1 %

Terreno Realty stock opened at $66.19 on Wednesday. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 2.68 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 company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. The firm has a 50 day moving average price of $60.56 and a two-hundred day moving average price of $64.11.

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 company 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%. Equities analysts predict that Terreno Realty Co. will post 2.42 EPS for the current year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, December 13th. Terreno Realty’s dividend payout ratio (DPR) is 107.69%.

About Terreno Realty

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.