Orion Portfolio Solutions LLC Grows Holdings in Terreno Realty Co. (NYSE:TRNO)

Orion Portfolio Solutions LLC increased its position in Terreno Realty Co. (NYSE:TRNO) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,389 shares of the real estate investment trust’s stock after acquiring an additional 903 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Terreno Realty were worth $627,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its holdings in Terreno Realty by 39.3% in the 3rd quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust’s stock worth $6,156,000 after acquiring an additional 25,988 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Terreno Realty during the 3rd quarter valued at approximately $255,000. Centiva Capital LP purchased a new stake in Terreno Realty during the 3rd quarter valued at approximately $472,000. Edgestream Partners L.P. purchased a new stake in Terreno Realty during the 3rd quarter valued at approximately $646,000. Finally, Verition Fund Management LLC purchased a new stake in Terreno Realty during the 3rd quarter valued at approximately $225,000.

Analyst Ratings Changes

TRNO has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a report on Monday, December 9th. Scotiabank cut their price objective 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. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Mizuho reiterated an “underperform” rating and set a $62.00 target price on shares of Terreno Realty in a research report on Thursday, September 5th. Finally, Barclays lowered 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $69.22.

Terreno Realty Stock Down 0.1 %

NYSE TRNO opened at $61.98 on Wednesday. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $61.72 and a two-hundred day moving average of $63.81. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 2.87 and a beta of 0.89. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63.

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 the consensus estimate of $0.61 by ($0.24). The firm had revenue of $99.64 million for the quarter, compared to analysts’ expectations of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. On average, analysts predict that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Friday, December 13th. Terreno Realty’s dividend payout ratio is currently 107.69%.

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.