International Assets Investment Management LLC Acquires 987 Shares of Terreno Realty Co. (NYSE:TRNO)

International Assets Investment Management LLC raised its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 6,580.0% in the 3rd quarter, Holdings Channel reports. The firm owned 1,002 shares of the real estate investment trust’s stock after purchasing an additional 987 shares during the quarter. International Assets Investment Management LLC’s holdings in Terreno Realty were worth $67,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd increased its position in shares of Terreno Realty by 7.2% during the first quarter. Covestor Ltd now owns 2,950 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 197 shares during the period. Amalgamated Bank boosted its position in Terreno Realty by 9.9% during the second quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 284 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Terreno Realty by 1.1% during the third quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock valued at $1,860,000 after acquiring an additional 300 shares during the last quarter. Creative Planning grew its holdings in Terreno Realty by 7.0% during the 2nd quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 312 shares during the period. Finally, Whittier Trust Co. raised its position in shares of Terreno Realty by 123.4% in the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 337 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TRNO shares. Barclays cut their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. JMP Securities raised their price objective on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 13th. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Wells Fargo & Company lowered shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $71.00 to $75.00 in a research note on Wednesday, August 28th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $70.00 price target (up from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $69.22.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $60.41 on Friday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $65.44 and a two-hundred day simple moving average of $62.64. Terreno Realty Co. has a 12 month low of $53.23 and a 12 month high of $71.63. The firm has a market capitalization of $5.85 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 2.80 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. The business had revenue of $94.25 million for the quarter, compared to analyst estimates of $89.07 million. Analysts forecast that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.24%. Terreno Realty’s dividend payout ratio (DPR) is currently 108.29%.

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.