Janus Henderson Group PLC Sells 1,196 Shares of Terreno Realty Co. (NYSE:TRNO)

Janus Henderson Group PLC trimmed its position in Terreno Realty Co. (NYSE:TRNO) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,733 shares of the real estate investment trust’s stock after selling 1,196 shares during the quarter. Janus Henderson Group PLC owned about 0.05% of Terreno Realty worth $3,522,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TRNO. FMR LLC increased its holdings in shares of Terreno Realty by 16.4% in the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock worth $708,348,000 after purchasing an additional 1,496,666 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Terreno Realty by 238.3% in the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock worth $78,587,000 after acquiring an additional 935,418 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Terreno Realty in the second quarter worth about $39,064,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Terreno Realty by 339.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust’s stock worth $40,842,000 after acquiring an additional 472,125 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Terreno Realty by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock worth $115,475,000 after acquiring an additional 315,506 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently commented on TRNO. Wells Fargo & Company lowered Terreno Realty from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th. Barclays dropped their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Wolfe Research upgraded Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Wedbush restated a “neutral” rating and set a $70.00 target price (up previously from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Finally, StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. 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 stock. Based on data from MarketBeat, Terreno Realty presently has a consensus rating of “Hold” and a consensus target price of $69.22.

Terreno Realty Price Performance

NYSE TRNO opened at $63.14 on Thursday. 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’s fifty day moving average price is $61.95 and its 200 day moving average price is $63.59. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 2.73 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last posted its earnings results 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 business had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. As a group, equities research analysts forecast that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently declared 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. This represents a $1.96 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, December 13th. Terreno Realty’s payout ratio is presently 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.