Pacer Advisors Inc. Trims Position in Terreno Realty Co. (NYSE:TRNO)

Pacer Advisors Inc. reduced its holdings in Terreno Realty Co. (NYSE:TRNO) by 37.5% during the 4th quarter, Holdings Channel reports. The fund owned 71,632 shares of the real estate investment trust’s stock after selling 43,008 shares during the period. Pacer Advisors Inc.’s holdings in Terreno Realty were worth $4,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Terreno Realty during the 3rd quarter worth about $26,000. Assetmark Inc. grew its holdings in Terreno Realty by 2,381.3% during the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 381 shares during the period. International Assets Investment Management LLC raised its position 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 acquiring an additional 987 shares in the last quarter. Huntington National Bank lifted its holdings in Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 177 shares during the period. Finally, Blue Trust Inc. boosted its position in Terreno Realty by 72.6% in the 3rd quarter. Blue Trust Inc. now owns 3,067 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 1,290 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Scotiabank cut their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. JMP Securities reissued a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective for the company. Finally, Barclays reiterated an “equal weight” rating and issued a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Terreno Realty presently has a consensus rating of “Hold” and a consensus price target of $67.50.

Terreno Realty Stock Performance

NYSE TRNO opened at $65.59 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’s fifty day moving average is $60.78 and its two-hundred day moving average is $64.12. The firm has a market capitalization of $6.54 billion, a P/E ratio of 36.04, a price-to-earnings-growth ratio of 2.68 and a beta of 0.90. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two 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 earnings per share 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 firm had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. On average, research analysts anticipate that Terreno Realty Co. will post 2.42 earnings per share for the current year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were issued a dividend of $0.49 per share. The ex-dividend date was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.99%. Terreno Realty’s dividend payout ratio is currently 107.69%.

About Terreno Realty

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.