Eagle Asset Management Inc. lifted its stake in Terreno Realty Co. (NYSE:TRNO) by 44.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,264 shares of the real estate investment trust’s stock after purchasing an additional 101,506 shares during the quarter. Eagle Asset Management Inc.’s holdings in Terreno Realty were worth $12,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of TRNO. NumerixS Investment Technologies Inc raised its position in Terreno Realty by 133.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,500 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 2,000 shares during the last quarter. Eii Capital Management Inc. purchased a new position in Terreno Realty in the 2nd quarter worth about $188,000. Paloma Partners Management Co purchased a new position in Terreno Realty in the 2nd quarter worth about $227,000. Orinda Asset Management LLC purchased a new position in Terreno Realty in the 2nd quarter worth about $245,000. Finally, First Quadrant L P CA purchased a new position in Terreno Realty in the 3rd quarter worth about $247,000.
A number of brokerages have weighed in on TRNO. Zacks Investment Research lowered Terreno Realty from a “buy” rating to a “hold” rating in a research report on Thursday. JMP Securities restated a “hold” rating on shares of Terreno Realty in a research note on Tuesday, October 16th. ValuEngine downgraded Terreno Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. KeyCorp boosted their price target on Terreno Realty from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Finally, Mizuho assumed coverage on Terreno Realty in a research note on Wednesday, October 3rd. They set a “neutral” rating for the company. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Terreno Realty currently has an average rating of “Buy” and a consensus price target of $39.50.
Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The business had revenue of $37.90 million during the quarter, compared to the consensus estimate of $37.68 million. Terreno Realty had a return on equity of 4.68% and a net margin of 34.83%. On average, sell-side analysts expect that Terreno Realty Co. will post 1.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Tuesday, December 18th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.47%. Terreno Realty’s dividend payout ratio is currently 88.07%.
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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
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