Jane Street Group LLC Has $3.78 Million Stake in Terreno Realty Co. (NYSE:TRNO)

Jane Street Group LLC reduced its stake in Terreno Realty Co. (NYSE:TRNO) by 70.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 56,620 shares of the real estate investment trust’s stock after selling 134,184 shares during the quarter. Jane Street Group LLC owned approximately 0.06% of Terreno Realty worth $3,784,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TRNO. Stifel Financial Corp lifted its stake in shares of Terreno Realty by 39.3% in the third quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust’s stock worth $6,156,000 after buying an additional 25,988 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Terreno Realty by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock worth $115,475,000 after acquiring an additional 315,506 shares during the last quarter. Sei Investments Co. boosted its holdings in Terreno Realty by 27.0% during the second quarter. Sei Investments Co. now owns 482,394 shares of the real estate investment trust’s stock valued at $28,549,000 after acquiring an additional 102,456 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Terreno Realty by 9.4% during the second quarter. Mutual of America Capital Management LLC now owns 86,727 shares of the real estate investment trust’s stock valued at $5,133,000 after acquiring an additional 7,483 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Terreno Realty by 19.0% in the second quarter. Victory Capital Management Inc. now owns 46,601 shares of the real estate investment trust’s stock worth $2,758,000 after purchasing an additional 7,441 shares during the period.

Wall Street Analyst Weigh In

TRNO has been the subject of several recent analyst reports. Barclays decreased their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Scotiabank lowered their price objective 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. Wells Fargo & Company cut shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Finally, JMP Securities restated a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.22.

Terreno Realty Stock Performance

NYSE:TRNO opened at $59.12 on Thursday. The firm has a market capitalization of $5.90 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 2.87 and a beta of 0.89. 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. The firm has a 50-day moving average price of $61.63 and a 200 day moving average price of $63.78.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The company had revenue of $99.64 million for the quarter, compared to the consensus estimate of $96.31 million. Research analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, December 13th. Terreno Realty’s payout ratio is 107.69%.

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.