SRS Capital Advisors Inc. Raises Holdings in Terreno Realty Co. (NYSE:TRNO)

SRS Capital Advisors Inc. lifted its stake in Terreno Realty Co. (NYSE:TRNO) by 337.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 529 shares of the real estate investment trust’s stock after purchasing an additional 408 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Terreno Realty were worth $33,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its stake in Terreno Realty by 10.3% during the 3rd quarter. FMR LLC now owns 5,260,376 shares of the real estate investment trust’s stock valued at $298,789,000 after purchasing an additional 493,182 shares in the last quarter. Invesco Ltd. increased its position in shares of Terreno Realty by 11.1% in the 3rd quarter. Invesco Ltd. now owns 4,113,232 shares of the real estate investment trust’s stock valued at $233,632,000 after acquiring an additional 411,973 shares during the period. Tandem Investment Advisors Inc. lifted its position in Terreno Realty by 40.2% during the 4th quarter. Tandem Investment Advisors Inc. now owns 977,150 shares of the real estate investment trust’s stock worth $61,238,000 after acquiring an additional 280,109 shares during the period. Vanguard Group Inc. grew its stake in Terreno Realty by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock valued at $677,009,000 after purchasing an additional 168,728 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Terreno Realty by 13.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,162,078 shares of the real estate investment trust’s stock valued at $66,006,000 after purchasing an additional 133,251 shares during the period.

Analyst Ratings Changes

A number of research firms recently commented on TRNO. The Goldman Sachs Group lifted their target price on Terreno Realty from $60.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. Wedbush reaffirmed a “neutral” rating and issued a $67.00 price objective on shares of Terreno Realty in a report on Thursday, March 28th. StockNews.com upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a research note on Saturday, March 23rd. Mizuho boosted their target price on shares of Terreno Realty from $52.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price target on shares of Terreno Realty in a research report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $67.11.

Terreno Realty Stock Up 1.2 %

TRNO opened at $54.89 on Friday. The company has a fifty day moving average of $61.27 and a two-hundred day moving average of $59.92. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 2.52 and a beta of 0.85. Terreno Realty Co. has a fifty-two week low of $50.42 and a fifty-two week high of $66.63. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.68 and a current ratio of 2.68.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.10. The firm had revenue of $86.48 million during the quarter, compared to analyst estimates of $84.06 million. Terreno Realty had a return on equity of 5.55% and a net margin of 46.76%. On average, research analysts expect that Terreno Realty Co. will post 2.42 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Wednesday, March 27th. Terreno Realty’s payout ratio is 99.45%.

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.