Quantbot Technologies LP Takes Position in Terreno Realty Co. (NYSE:TRNO)

Quantbot Technologies LP acquired a new stake in shares of Terreno Realty Co. (NYSE:TRNO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,776 shares of the real estate investment trust’s stock, valued at approximately $854,000.

Other large investors also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Terreno Realty by 16.4% in the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock valued at $708,348,000 after acquiring an additional 1,496,666 shares during the period. Thrivent Financial for Lutherans raised its holdings in Terreno Realty by 238.3% in the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock worth $78,587,000 after purchasing an additional 935,418 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Terreno Realty during the second quarter valued at about $39,064,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Terreno Realty by 22.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock valued at $115,475,000 after buying an additional 315,506 shares in the last quarter. Finally, 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 valued at $127,287,000 after buying an additional 146,808 shares in the last quarter.

Terreno Realty Price Performance

Shares of NYSE TRNO opened at $60.63 on Monday. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The firm has a market cap of $6.05 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.79 and a beta of 0.90. The business’s 50 day moving average price is $62.92 and its 200 day moving average price is $63.42.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data 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). The business had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. On average, sell-side analysts expect that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders 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 dividend yield of 3.23%. Terreno Realty’s payout ratio is 107.69%.

Analyst Upgrades and Downgrades

TRNO has been the subject of a number of analyst reports. Scotiabank decreased their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. The Goldman Sachs Group raised their price objective on Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Mizuho reaffirmed an “underperform” rating and set a $62.00 target price on shares of Terreno Realty in a research report on Thursday, September 5th. Wedbush reissued a “neutral” rating and issued a $70.00 price target (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Finally, Barclays cut their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.22.

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.