Jackson Creek Investment Advisors LLC Lowers Stock Position in Terreno Realty Co. (NYSE:TRNO)

Jackson Creek Investment Advisors LLC trimmed its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,018 shares of the real estate investment trust’s stock after selling 652 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Terreno Realty were worth $1,243,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TRNO. Assetmark Inc. lifted its position in shares of Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 381 shares during the period. Manchester Capital Management LLC purchased a new position in Terreno Realty in the 4th quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC raised its holdings in Terreno Realty by 176.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 361 shares during the last quarter. International Assets Investment Management LLC boosted its position 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 purchasing an additional 987 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 177 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TRNO shares. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. BMO Capital Markets upped their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Scotiabank increased their price target on shares of Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, February 28th. Piper Sandler cut their price objective on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Barclays reiterated an “equal weight” rating and set a $60.00 target price (down previously 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, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.36.

Terreno Realty Price Performance

TRNO stock opened at $68.46 on Friday. The stock has a 50-day moving average price of $64.26 and a two-hundred day moving average price of $64.06. The company has a market cap of $6.83 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. Terreno Realty Co. has a 12-month low of $53.78 and a 12-month high of $71.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24.

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

Terreno Realty Announces Dividend

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 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 dividend yield of 2.86%. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

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.