Terreno Realty Co. (NYSE:TRNO) Stock Position Lifted by Financial Advocates Investment Management

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Financial Advocates Investment Management increased its stake in Terreno Realty Co. (NYSE:TRNO) by 58.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,022 shares of the real estate investment trust’s stock after purchasing an additional 1,846 shares during the period. Financial Advocates Investment Management’s holdings in Terreno Realty were worth $327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlantic Trust LLC bought a new stake in shares of Terreno Realty in the 2nd quarter worth approximately $27,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Terreno Realty in the 2nd quarter worth approximately $27,000. Farmers & Merchants Investments Inc. bought a new stake in shares of Terreno Realty in the 3rd quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Terreno Realty by 485.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 388 shares during the last quarter. Finally, FFT Wealth Management LLC bought a new stake in shares of Terreno Realty in the 2nd quarter worth approximately $52,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

TRNO has been the topic of several analyst reports. BTIG Research raised their target price on Terreno Realty from $70.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, December 23rd. KeyCorp raised their target price on Terreno Realty from $71.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, November 5th. Finally, Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $79.14.

Shares of TRNO stock opened at $85.29 on Friday. Terreno Realty Co. has a 1 year low of $53.97 and a 1 year high of $86.00. The stock has a market cap of $6.08 billion, a PE ratio of 87.03 and a beta of 0.60. The business’s fifty day moving average is $77.98 and its 200-day moving average is $70.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.70 and a current ratio of 1.70.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, November 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Terreno Realty had a net margin of 32.60% and a return on equity of 4.11%. The firm had revenue of $57.27 million for the quarter, compared to analyst estimates of $54.92 million. Equities research analysts predict that Terreno Realty Co. will post 1.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 5th. Stockholders of record on Wednesday, December 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, December 14th. Terreno Realty’s dividend payout ratio (DPR) is presently 138.78%.

About Terreno Realty

Terreno Realty Corp. operates as a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W.

Further Reading: Dead Cat Bounce

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