International Assets Investment Management LLC Has $67,000 Stake in Terreno Realty Co. (NYSE:TRNO)

International Assets Investment Management LLC increased its position in shares of Terreno Realty Co. (NYSE:TRNO) by 6,580.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,002 shares of the real estate investment trust’s stock after purchasing an additional 987 shares during the period. International Assets Investment Management LLC’s holdings in Terreno Realty were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Terreno Realty during the 3rd quarter worth $26,000. Whittier Trust Co. grew its stake in shares of Terreno Realty by 123.4% in the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 337 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Terreno Realty during the second quarter worth about $48,000. EntryPoint Capital LLC raised its stake in Terreno Realty by 80.3% in the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 419 shares in the last quarter. Finally, CWM LLC boosted its holdings in Terreno Realty by 58.2% in the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 438 shares during the period.

Terreno Realty Stock Up 1.1 %

Shares of NYSE:TRNO opened at $60.41 on Friday. Terreno Realty Co. has a 52-week low of $53.23 and a 52-week high of $71.63. The company has a market capitalization of $5.85 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 2.80 and a beta of 0.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34. The company has a fifty day moving average of $65.44 and a 200-day moving average of $62.64.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The firm had revenue of $94.25 million during the quarter, compared to analyst estimates of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. On average, equities analysts predict that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently disclosed 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. This represents a $1.96 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty’s dividend payout ratio is currently 108.29%.

Wall Street Analysts Forecast Growth

TRNO has been the topic of several recent research reports. Barclays lowered their target price 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. Wedbush reaffirmed a “neutral” rating and issued a $70.00 price objective (up from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. The Goldman Sachs Group upped their target price on Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Finally, JMP Securities upped their price objective on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 13th. Two equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.