Los Angeles Capital Management LLC Makes New $202,000 Investment in Terreno Realty Co. (NYSE:TRNO)

Los Angeles Capital Management LLC acquired a new position in shares of Terreno Realty Co. (NYSE:TRNO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,419 shares of the real estate investment trust’s stock, valued at approximately $202,000.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in shares of Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 381 shares during the period. Manchester Capital Management LLC acquired a new position in shares of Terreno Realty in the 4th quarter valued at about $27,000. International Assets Investment Management LLC boosted its holdings in shares of Terreno Realty by 6,580.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 987 shares during the period. Huntington National Bank boosted its holdings in shares of Terreno Realty by 7.4% in the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 177 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Terreno Realty by 40.7% in the 4th quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 1,059 shares during the period.

Analysts Set New Price Targets

TRNO has been the subject of several research reports. Barclays reaffirmed an “equal weight” rating and issued a $60.00 price target (down from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price target for the company. The Goldman Sachs Group raised shares of Terreno Realty from a “neutral” rating to a “buy” rating and boosted their target price for the company from $65.00 to $77.00 in a research note on Friday, February 21st. JMP Securities reissued a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Finally, Scotiabank boosted their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Terreno Realty presently has an average rating of “Hold” and an average price target of $69.36.

Terreno Realty Stock Up 1.5 %

NYSE TRNO opened at $68.52 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The company’s 50 day simple moving average is $63.91 and its 200 day simple moving average is $64.02. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The company has a market capitalization of $6.84 billion, a P/E ratio of 35.69, a PEG ratio of 2.82 and a beta of 0.91.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. Equities research analysts expect that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend 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 is currently 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.