Janney Montgomery Scott LLC Takes $444,000 Position in Terreno Realty Co. (NYSE:TRNO)

Janney Montgomery Scott LLC acquired a new stake in shares of Terreno Realty Co. (NYSE:TRNO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,506 shares of the real estate investment trust’s stock, valued at approximately $444,000.

A number of other hedge funds also recently modified their holdings of TRNO. FMR LLC lifted 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 valued at $708,348,000 after purchasing an additional 1,496,666 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Terreno Realty by 339.7% during 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 valued at $40,842,000 after purchasing an additional 472,125 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Terreno Realty by 59.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust’s stock valued at $70,473,000 after purchasing an additional 394,436 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Terreno Realty by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock valued at $115,475,000 after purchasing an additional 315,506 shares during the last quarter. Finally, Barclays PLC raised its holdings in Terreno Realty by 131.0% during the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock valued at $11,360,000 after buying an additional 96,380 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective on the stock. BMO Capital Markets started coverage on Terreno Realty in a report on Tuesday, February 4th. They set a “market perform” rating and a $71.00 price objective on the stock. Scotiabank reduced their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Finally, Barclays reissued an “equal weight” rating and issued a $60.00 target price (down from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $68.27.

Terreno Realty Stock Down 0.5 %

NYSE:TRNO opened at $67.35 on Monday. The stock’s fifty day moving average price is $61.55 and its two-hundred day moving average price is $64.07. 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 0.24, a quick ratio of 2.71 and a current ratio of 0.23. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 2.85 and a beta of 0.91.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s payout ratio is 102.08%.

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.