Terreno Realty Co. (NYSE:TRNO) Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Terreno Realty Co. (NYSE:TRNO) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,415,004 shares of the real estate investment trust’s stock after acquiring an additional 8,940 shares during the period. Geode Capital Management LLC owned about 2.42% of Terreno Realty worth $161,423,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in shares of Terreno Realty during the third quarter worth $26,000. Assetmark Inc. boosted its holdings in shares of Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 381 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Terreno Realty during the 2nd quarter valued at about $48,000. International Assets Investment Management LLC raised its stake in Terreno Realty by 6,580.0% during the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 987 shares during the period. Finally, CWM LLC lifted 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 worth $70,000 after acquiring an additional 438 shares during the last quarter.

Analyst Ratings Changes

TRNO has been the topic of a number of research reports. Wells Fargo & Company cut Terreno Realty from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th. Wolfe Research raised Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Scotiabank reduced their price target on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. Barclays dropped their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Finally, JMP Securities reissued a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $69.22.

Terreno Realty Stock Performance

Shares of TRNO opened at $62.25 on Monday. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. The firm has a market capitalization of $6.21 billion, a PE ratio of 34.20, a P/E/G ratio of 2.87 and a beta of 0.89. The firm has a 50-day moving average price of $61.83 and a 200 day moving average price of $63.68. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data 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). The company had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. 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 issued a $0.49 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.15%. Terreno Realty’s dividend payout ratio (DPR) is 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.