Daiwa Securities Group Inc. Sells 3,780 Shares of Terreno Realty Co. (NYSE:TRNO)

Daiwa Securities Group Inc. lowered its position in shares of Terreno Realty Co. (NYSE:TRNO) by 10.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,857 shares of the real estate investment trust’s stock after selling 3,780 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Terreno Realty were worth $2,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Terreno Realty in the third quarter valued at about $26,000. Assetmark Inc. increased its holdings in Terreno Realty by 2,381.3% in the third 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 last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Terreno Realty in the second quarter valued at about $48,000. International Assets Investment Management LLC increased its holdings 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 purchasing an additional 987 shares during the last quarter. Finally, CWM LLC increased 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 valued at $70,000 after purchasing an additional 438 shares during the last quarter.

Terreno Realty Stock Up 1.3 %

TRNO stock opened at $61.21 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. The stock has a market capitalization of $6.11 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.81 and a beta of 0.90. The business has a 50-day moving average of $63.08 and a 200-day moving average of $63.28. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share 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 analyst estimates of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. On average, sell-side analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.20%. Terreno Realty’s dividend payout ratio is currently 107.69%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wedbush reiterated a “neutral” rating and issued a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. JMP Securities increased their price target on Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 13th. Mizuho restated an “underperform” rating and issued a $62.00 price target on shares of Terreno Realty in a report on Thursday, September 5th. Finally, Barclays lowered their price target on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.