Van ECK Associates Corp Lowers Holdings in Terreno Realty Co. (NYSE:TRNO)

Van ECK Associates Corp decreased its holdings in Terreno Realty Co. (NYSE:TRNO) by 19.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,418 shares of the real estate investment trust’s stock after selling 3,996 shares during the quarter. Van ECK Associates Corp’s holdings in Terreno Realty were worth $1,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in Terreno Realty in the third quarter valued at $26,000. Ashton Thomas Private Wealth LLC purchased a new position in Terreno Realty in the second quarter valued at $48,000. EntryPoint Capital LLC increased its holdings in Terreno Realty by 80.3% in the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 419 shares during the last quarter. International Assets Investment Management LLC increased its holdings 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 valued at $67,000 after buying an additional 987 shares during the last quarter. Finally, CWM LLC increased its holdings 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 valued at $70,000 after buying an additional 438 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRNO. Barclays dropped their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Mizuho restated an “underperform” rating and issued a $62.00 price objective on shares of Terreno Realty in a research note on Thursday, September 5th. JMP Securities upped their price objective on shares of Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 13th. Wedbush restated a “neutral” rating and issued a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Finally, Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.22.

Terreno Realty Price Performance

Shares of TRNO opened at $62.03 on Tuesday. Terreno Realty Co. has a fifty-two week low of $53.23 and a fifty-two week high of $71.63. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 2.86 and a beta of 0.90. The firm has a 50-day simple moving average of $65.30 and a 200-day simple moving average of $62.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.34 and a current ratio of 2.71.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The business had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. On average, equities research analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.16%. Terreno Realty’s dividend payout ratio (DPR) is 107.69%.

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.