Segall Bryant & Hamill LLC Has $30.14 Million Stake in Terreno Realty Co. (NYSE:TRNO)

Segall Bryant & Hamill LLC reduced its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 509,647 shares of the real estate investment trust’s stock after selling 3,817 shares during the period. Segall Bryant & Hamill LLC’s holdings in Terreno Realty were worth $30,141,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Manchester Capital Management LLC bought a new stake in Terreno Realty during the fourth quarter worth $27,000. Steward Partners Investment Advisory LLC boosted its holdings in Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 361 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Terreno Realty in the fourth quarter valued at about $76,000. Verition Fund Management LLC bought a new position in shares of Terreno Realty during the third quarter valued at about $225,000. Finally, Los Angeles Capital Management LLC purchased a new position in Terreno Realty during the fourth quarter worth about $202,000.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $64.10 on Tuesday. The company has a 50-day moving average price of $65.89 and a two-hundred day moving average price of $63.75. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.40 billion, a PE ratio of 33.39, a P/E/G ratio of 2.82 and a beta of 0.93.

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

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.06%. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Wall Street Analyst Weigh In

Several equities analysts have commented on TRNO shares. Scotiabank lifted their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, February 28th. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $77.00 in a report on Friday, February 21st. BMO Capital Markets upped their price objective on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Barclays reiterated an “equal weight” rating and set a $60.00 target price (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Finally, JMP Securities restated a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Terreno Realty has an average rating of “Hold” and an average target price of $69.36.

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.