Verition Fund Management LLC Purchases New Position in Terreno Realty Co. (NYSE:TRNO)

Verition Fund Management LLC purchased a new stake in shares of Terreno Realty Co. (NYSE:TRNO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,366 shares of the real estate investment trust’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Terreno Realty in the third quarter worth about $26,000. Assetmark Inc. lifted its stake 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 purchasing an additional 381 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Terreno Realty during the second quarter valued at approximately $48,000. International Assets Investment Management LLC grew its stake in Terreno Realty by 6,580.0% in the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 987 shares during the period. Finally, CWM LLC grew its stake in Terreno Realty by 58.2% in the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 438 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TRNO shares. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Mizuho restated an “underperform” rating and issued a $62.00 price objective on shares of Terreno Realty in a report on Thursday, September 5th. Wells Fargo & Company downgraded shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. Barclays dropped their price target on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $69.22.

Terreno Realty Stock Down 0.7 %

Terreno Realty stock opened at $62.25 on Monday. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The stock has a fifty day simple moving average of $61.83 and a two-hundred day simple moving average of $63.68. 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 cap of $6.21 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 2.87 and a beta of 0.89.

Terreno Realty (NYSE:TRNO) last issued its 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 during the quarter, compared to analysts’ expectations of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. Equities analysts predict that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.15%. Terreno Realty’s dividend payout ratio (DPR) is 107.69%.

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.