Los Angeles Capital Management LLC Sells 491 Shares of Terreno Realty Co. (NYSE:TRNO)

Los Angeles Capital Management LLC reduced its position in shares of Terreno Realty Co. (NYSE:TRNO) by 11.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,797 shares of the real estate investment trust’s stock after selling 491 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Terreno Realty were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Terreno Realty by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 12,061,890 shares of the real estate investment trust’s stock worth $755,919,000 after buying an additional 142,712 shares during the period. Wellington Management Group LLP grew its position in shares of Terreno Realty by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 648,438 shares of the real estate investment trust’s stock worth $40,638,000 after buying an additional 50,433 shares during the period. Congress Asset Management Co. MA grew its position in shares of Terreno Realty by 9.5% during the 4th quarter. Congress Asset Management Co. MA now owns 195,317 shares of the real estate investment trust’s stock worth $12,241,000 after buying an additional 16,999 shares during the period. American International Group Inc. grew its position in shares of Terreno Realty by 1.0% during the 4th quarter. American International Group Inc. now owns 41,232 shares of the real estate investment trust’s stock worth $2,584,000 after buying an additional 392 shares during the period. Finally, Napa Wealth Management acquired a new position in shares of Terreno Realty during the 4th quarter worth about $286,000.

Terreno Realty Trading Up 1.0 %

Shares of Terreno Realty stock opened at $59.04 on Friday. Terreno Realty Co. has a 12-month low of $50.42 and a 12-month high of $66.63. The stock has a market cap of $5.71 billion, a P/E ratio of 30.75, a P/E/G ratio of 2.85 and a beta of 0.89. The company has a quick ratio of 10.17, a current ratio of 10.17 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $56.40 and its 200-day moving average is $60.38.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.18). Terreno Realty had a return on equity of 5.59% and a net margin of 49.12%. The company had revenue of $85.03 million for the quarter, compared to the consensus estimate of $86.56 million. Equities research analysts predict that Terreno Realty Co. will post 2.28 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Friday, June 28th. Terreno Realty’s dividend payout ratio (DPR) is presently 93.75%.

Wall Street Analysts Forecast Growth

TRNO has been the subject of several research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of Terreno Realty in a research report on Monday, May 13th. Piper Sandler boosted their price objective on Terreno Realty from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. BNP Paribas initiated coverage on Terreno Realty in a research report on Tuesday, June 4th. They issued an “outperform” rating and a $68.00 price objective for the company. Barclays decreased their price objective on Terreno Realty from $71.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Finally, Wedbush reiterated a “neutral” rating and issued a $57.00 price objective (down from $67.00) on shares of Terreno Realty in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $64.60.

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.