Assetmark Inc. Buys 381 Shares of Terreno Realty Co. (NYSE:TRNO)

Assetmark Inc. raised its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 2,381.3% in the third quarter, Holdings Channel reports. The fund owned 397 shares of the real estate investment trust’s stock after acquiring an additional 381 shares during the period. Assetmark Inc.’s holdings in Terreno Realty were worth $27,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Terreno Realty by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust’s stock valued at $861,988,000 after purchasing an additional 919,851 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Terreno Realty by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust’s stock valued at $276,381,000 after acquiring an additional 291,051 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Terreno Realty by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust’s stock worth $127,287,000 after acquiring an additional 146,808 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Terreno Realty by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust’s stock worth $81,862,000 after acquiring an additional 103,833 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Terreno Realty by 238.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock valued at $78,587,000 after purchasing an additional 935,418 shares in the last quarter.

Terreno Realty Stock Down 0.2 %

NYSE:TRNO opened at $60.52 on Wednesday. The stock’s fifty day simple moving average is $64.40 and its 200-day simple moving average is $63.07. The firm has a market capitalization of $6.04 billion, a P/E ratio of 33.25, a P/E/G ratio of 2.79 and a beta of 0.90. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. Terreno Realty Co. has a 12-month low of $53.78 and a 12-month high of $71.63.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The firm had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Equities research analysts expect that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be paid a $0.49 dividend. 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 payout ratio is 107.69%.

Analyst Ratings Changes

Several brokerages have recently commented on TRNO. Wells Fargo & Company cut 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 report on Wednesday, August 28th. JMP Securities raised their price objective on shares of Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 13th. Scotiabank decreased their price target on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Barclays dropped their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Finally, Wedbush reissued a “neutral” rating and issued a $70.00 target price (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 issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $69.22.

About Terreno Realty

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.