Assetmark Inc. Has $27,000 Stake in Terreno Realty Co. (NYSE:TRNO)

Assetmark Inc. increased its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 2,381.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 397 shares of the real estate investment trust’s stock after purchasing an additional 381 shares during the quarter. Assetmark Inc.’s holdings in Terreno Realty were worth $27,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its position in Terreno Realty by 112.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 24,869 shares of the real estate investment trust’s stock worth $1,662,000 after buying an additional 13,157 shares in the last quarter. US Bancorp DE raised its holdings in shares of Terreno Realty by 7.2% during the third quarter. US Bancorp DE now owns 30,378 shares of the real estate investment trust’s stock worth $2,030,000 after acquiring an additional 2,040 shares in the last quarter. Congress Asset Management Co. boosted its position in Terreno Realty by 8.2% during the third quarter. Congress Asset Management Co. now owns 261,033 shares of the real estate investment trust’s stock valued at $17,445,000 after purchasing an additional 19,738 shares during the last quarter. Financial Advocates Investment Management purchased a new position in Terreno Realty in the third quarter valued at about $205,000. Finally, Diversify Wealth Management LLC increased its position in Terreno Realty by 14.4% in the 3rd quarter. Diversify Wealth Management LLC now owns 4,959 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 625 shares during the last quarter.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $60.52 on Wednesday. The business’s 50 day moving average is $64.40 and its 200-day moving average is $63.07. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.04 billion, a PE ratio of 33.25, a PEG ratio of 2.79 and a beta of 0.90. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year high of $71.63.

Terreno Realty (NYSE:TRNO) last posted 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). The business had revenue of $99.64 million for 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%. Sell-side analysts predict that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty’s dividend payout ratio (DPR) is presently 107.69%.

Analyst Ratings Changes

TRNO has been the subject of several recent research reports. Wolfe Research raised Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. 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. Scotiabank dropped 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 report on Friday, October 25th. Finally, Wells Fargo & Company cut Terreno Realty from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty currently has an average rating of “Hold” and a consensus 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.