Heitman Real Estate Securities LLC increased its stake in Terreno Realty (NYSE:TRNO) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 292,549 shares of the real estate investment trust’s stock after acquiring an additional 24,475 shares during the period. Heitman Real Estate Securities LLC owned approximately 0.53% of Terreno Realty worth $10,257,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its position in shares of Terreno Realty by 67.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 1,680 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Terreno Realty by 111.6% in the fourth quarter. Advisor Group Inc. now owns 5,424 shares of the real estate investment trust’s stock worth $190,000 after acquiring an additional 2,861 shares during the last quarter. Guggenheim Capital LLC acquired a new stake in shares of Terreno Realty in the fourth quarter worth approximately $229,000. Sei Investments Co. boosted its position in shares of Terreno Realty by 33,325.0% in the third quarter. Sei Investments Co. now owns 6,685 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 6,665 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Terreno Realty in the third quarter worth approximately $250,000. 99.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of Terreno Realty stock traded down $0.17 during mid-day trading on Monday, reaching $34.75. 154,693 shares of the company’s stock were exchanged, compared to its average volume of 314,793. The firm has a market capitalization of $1,936.99, a PE ratio of 36.62, a price-to-earnings-growth ratio of 2.90 and a beta of 0.77. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.46. Terreno Realty has a 1 year low of $26.93 and a 1 year high of $38.54.
Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). Terreno Realty had a return on equity of 5.45% and a net margin of 38.61%. The firm had revenue of $34.63 million for the quarter, compared to analyst estimates of $34.86 million. research analysts anticipate that Terreno Realty will post 1.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 28th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. Terreno Realty’s payout ratio is currently 92.63%.
Several equities research analysts recently issued reports on the stock. B. Riley set a $36.00 target price on shares of Terreno Realty and gave the stock a “hold” rating in a research report on Monday, February 12th. Zacks Investment Research cut shares of Terreno Realty from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Robert W. Baird set a $34.00 target price on shares of Terreno Realty and gave the stock a “hold” rating in a research report on Thursday, February 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $37.00 price target on shares of Terreno Realty in a research report on Friday, February 16th. Finally, National Securities reaffirmed a “buy” rating and set a $45.00 price target on shares of Terreno Realty in a research report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Terreno Realty has a consensus rating of “Buy” and a consensus target price of $37.73.
Terreno Realty Company Profile
Terreno Realty Corporation 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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.
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