Terreno Realty Co. (NYSE:TRNO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of Terreno Realty Co. (NYSE:TRNO) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,372 shares of the real estate investment trust’s stock after selling 1,229 shares during the period. Victory Capital Management Inc.’s holdings in Terreno Realty were worth $3,032,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TRNO. Aptus Capital Advisors LLC boosted its stake in Terreno Realty by 15.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 61,679 shares of the real estate investment trust’s stock valued at $4,122,000 after acquiring an additional 8,307 shares during the last quarter. Versor Investments LP bought a new position in Terreno Realty during the 3rd quarter valued at $495,000. Assetmark Inc. boosted its stake in Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 381 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Terreno Realty by 112.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 24,869 shares of the real estate investment trust’s stock valued at $1,662,000 after acquiring an additional 13,157 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Terreno Realty by 7.2% during the 3rd quarter. US Bancorp DE now owns 30,378 shares of the real estate investment trust’s stock valued at $2,030,000 after acquiring an additional 2,040 shares during the last quarter.

Terreno Realty Stock Performance

TRNO stock opened at $60.40 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. The stock has a market cap of $6.02 billion, a P/E ratio of 33.20, a P/E/G ratio of 2.77 and a beta of 0.90. The firm has a 50 day simple moving average of $63.73 and a 200 day simple moving average of $63.11. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week 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 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.24). The company 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%. Research analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, December 13th. Terreno Realty’s dividend payout ratio is currently 107.69%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Mizuho reiterated an “underperform” rating and set a $62.00 price objective on shares of Terreno Realty in a research note on Thursday, September 5th. Wells Fargo & Company downgraded shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th. The Goldman Sachs Group raised their price target on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Barclays reduced their price target on shares of 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 raised their price target 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 research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.