Terreno Realty Co. (NYSE:TRNO) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC boosted its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,624 shares of the real estate investment trust’s stock after purchasing an additional 995 shares during the period. Pathstone Holdings LLC’s holdings in Terreno Realty were worth $1,579,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Huntington National Bank raised its holdings 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 acquiring an additional 177 shares during the period. Amalgamated Bank grew its position in Terreno Realty by 9.9% during the 2nd quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 284 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Terreno Realty by 1.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock valued at $1,860,000 after purchasing an additional 300 shares during the period. Creative Planning lifted its holdings in shares of Terreno Realty by 7.0% in the second quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 312 shares in the last quarter. Finally, Assetmark Inc. increased its holdings 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 valued at $27,000 after purchasing an additional 381 shares during the period.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $61.21 on Thursday. The business has a 50 day moving average price of $63.24 and a 200 day moving average price of $63.29. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.81 and a beta of 0.90. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. Terreno Realty Co. has a twelve month low of $53.78 and a twelve 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 analysts’ consensus estimates of $0.61 by ($0.24). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The company had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. Research analysts predict that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors 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 annualized dividend and a yield of 3.20%. Terreno Realty’s dividend payout ratio (DPR) is currently 107.69%.

Wall Street Analyst Weigh In

TRNO has been the topic of several research analyst reports. Barclays lowered their price target on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Scotiabank reduced 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 note on Friday, October 25th. Wells Fargo & Company cut shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $71.00 to $75.00 in a report on Wednesday, August 28th. Finally, Mizuho restated an “underperform” rating and set a $62.00 target price on shares of Terreno Realty in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $69.22.

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.