Terreno Realty Co. (NYSE:TRNO) Position Lessened by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its holdings in Terreno Realty Co. (NYSE:TRNO) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,501 shares of the real estate investment trust’s stock after selling 487 shares during the period. BNP Paribas Financial Markets’ holdings in Terreno Realty were worth $1,370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Terreno Realty in the third quarter valued at $26,000. Assetmark Inc. boosted its position 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 purchased a new position in Terreno Realty in the 2nd quarter worth about $48,000. International Assets Investment Management LLC lifted its stake in Terreno Realty by 6,580.0% during 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 in the last quarter. Finally, CWM LLC boosted its holdings in shares of 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 buying an additional 438 shares during the period.

Terreno Realty Stock Performance

TRNO opened at $59.37 on Monday. 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 company has a market cap of $5.92 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 2.74 and a beta of 0.89. The stock has a 50-day moving average of $62.11 and a 200-day moving average of $63.50. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63.

Terreno Realty (NYSE:TRNO) last announced 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). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The company had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. As a group, equities research analysts forecast that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty’s dividend payout ratio (DPR) is 107.69%.

Analysts Set New Price Targets

Several equities analysts have weighed in on TRNO shares. JMP Securities lifted 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. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Wedbush reaffirmed a “neutral” rating and set a $70.00 target price (up previously from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Scotiabank reduced their price target on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. Finally, Barclays dropped their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $69.22.

Terreno Realty Company 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.