Terreno Realty Co. (NYSE:TRNO) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its stake in Terreno Realty Co. (NYSE:TRNO) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,552 shares of the real estate investment trust’s stock after selling 12,736 shares during the period. ProShare Advisors LLC owned approximately 0.13% of Terreno Realty worth $8,536,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Terreno Realty by 8.4% during the third quarter. Wellington Management Group LLP now owns 598,005 shares of the real estate investment trust’s stock valued at $33,967,000 after purchasing an additional 46,475 shares during the period. Vanguard Group Inc. lifted its holdings in Terreno Realty by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock worth $677,009,000 after buying an additional 168,728 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Terreno Realty by 22.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 120,681 shares of the real estate investment trust’s stock valued at $6,855,000 after buying an additional 21,968 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Terreno Realty during the fourth quarter valued at about $35,000. Finally, Dfpg Investments LLC purchased a new stake in shares of Terreno Realty during the fourth quarter worth about $200,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TRNO. Scotiabank lowered their price objective on Terreno Realty from $66.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, May 16th. Mizuho lifted their price target on shares of Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Wedbush reiterated a “neutral” rating and set a $57.00 price objective (down from $67.00) on shares of Terreno Realty in a research note on Tuesday, May 14th. StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, Barclays reduced their price target on shares of Terreno Realty from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $64.60.

Terreno Realty Stock Performance

Shares of NYSE:TRNO traded down $1.08 during trading on Wednesday, hitting $66.06. 1,373,644 shares of the company traded hands, compared to its average volume of 719,616. The company has a quick ratio of 10.17, a current ratio of 10.17 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average is $58.30 and its 200-day moving average is $60.32. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 35.80, a PEG ratio of 3.25 and a beta of 0.89. Terreno Realty Co. has a one year low of $50.42 and a one year high of $68.91.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.18). The company had revenue of $85.03 million for the quarter, compared to the consensus estimate of $86.56 million. Terreno Realty had a return on equity of 5.59% and a net margin of 49.12%. As a group, equities analysts predict that Terreno Realty Co. will post 2.28 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Friday, June 28th. Terreno Realty’s dividend payout ratio (DPR) is 93.75%.

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.