Pacer Advisors Inc. Sells 1,670 Shares of Terreno Realty Co. (NYSE:TRNO)

Pacer Advisors Inc. lessened its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,640 shares of the real estate investment trust’s stock after selling 1,670 shares during the quarter. Pacer Advisors Inc. owned about 0.11% of Terreno Realty worth $7,661,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in Terreno Realty by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust’s stock valued at $276,381,000 after purchasing an additional 291,051 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Terreno Realty by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust’s stock worth $127,287,000 after buying an additional 146,808 shares during the period. Dimensional Fund Advisors LP grew its stake in Terreno Realty by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust’s stock valued at $81,862,000 after buying an additional 103,833 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Terreno Realty by 238.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock worth $78,587,000 after acquiring an additional 935,418 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in Terreno Realty by 1.3% during the third quarter. Copeland Capital Management LLC now owns 1,129,443 shares of the real estate investment trust’s stock valued at $75,481,000 after acquiring an additional 13,988 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JMP Securities boosted their price objective on Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 13th. Scotiabank lowered their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Wedbush reiterated a “neutral” rating and set a $70.00 target price (up from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Wells Fargo & Company downgraded shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $71.00 to $75.00 in a report on Wednesday, August 28th. Finally, StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Terreno Realty presently has an average rating of “Hold” and an average target price of $69.22.

Terreno Realty Trading Up 0.3 %

TRNO stock opened at $60.40 on Friday. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year high of $71.63. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $63.73 and its 200-day moving average is $63.11. The firm has a market cap of $6.02 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.77 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The company had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. Equities analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, December 13th. Terreno Realty’s payout ratio is currently 107.69%.

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.