Impax Asset Management Group plc Grows Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Impax Asset Management Group plc raised its position in shares of Terreno Realty Co. (NYSE:TRNO) by 9.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 120,000 shares of the real estate investment trust’s stock after buying an additional 10,000 shares during the quarter. Impax Asset Management Group plc owned about 0.12% of Terreno Realty worth $7,097,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Assetmark Inc. raised its position in shares of Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 381 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in shares of Terreno Realty during the 4th quarter worth approximately $27,000. International Assets Investment Management LLC grew its stake in Terreno Realty by 6,580.0% in the 3rd 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 during the period. Huntington National Bank grew its stake in Terreno Realty by 7.4% in the 3rd 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, Financial Advocates Investment Management acquired a new stake in Terreno Realty in the 3rd quarter valued at $205,000.

Terreno Realty Stock Performance

NYSE TRNO opened at $67.05 on Tuesday. The company has a market cap of $6.69 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a 50-day moving average of $62.66 and a two-hundred day moving average of $64.01. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year high of $71.63.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. As a group, analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.92%. Terreno Realty’s payout ratio is 102.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BMO Capital Markets raised their price objective on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $77.00 in a report on Friday. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective for the company. Barclays reissued an “equal weight” rating and set a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Finally, JMP Securities reissued a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $69.27.

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.