MML Investors Services LLC Increases Stake in Terreno Realty Co. (NYSE:TRNO)

MML Investors Services LLC boosted its stake in Terreno Realty Co. (NYSE:TRNO) by 6.1% in the third quarter, Holdings Channel.com reports. The firm owned 4,358 shares of the real estate investment trust’s stock after acquiring an additional 249 shares during the quarter. MML Investors Services LLC’s holdings in Terreno Realty were worth $291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its holdings in 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 valued at $708,348,000 after buying an additional 1,496,666 shares during the period. Thrivent Financial for Lutherans increased its position in shares of 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 shares of Terreno Realty in the 2nd quarter valued at $39,064,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Terreno Realty by 339.7% during the 3rd 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 valued at $40,842,000 after acquiring an additional 472,125 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Terreno Realty by 22.3% during the 3rd 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 purchasing an additional 315,506 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wells Fargo & Company cut Terreno Realty from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $71.00 to $75.00 in a research note on Wednesday, August 28th. JMP Securities restated a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a report on Monday, December 9th. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Scotiabank decreased their target price 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. Finally, Mizuho reaffirmed an “underperform” rating and set a $62.00 price target on shares of Terreno Realty in a research note on Thursday, September 5th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $69.22.

Terreno Realty Price Performance

TRNO opened at $59.06 on Thursday. The company has a market capitalization of $5.89 billion, a P/E ratio of 32.45, a PEG ratio of 2.87 and a beta of 0.90. The company has a 50-day moving average of $61.27 and a 200-day moving average of $63.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year 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 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The firm had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. Equities analysts expect that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty’s dividend payout ratio is presently 107.69%.

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.