Pacer Advisors Inc. Has $7.66 Million Stake in Terreno Realty Co. (NYSE:TRNO)

Pacer Advisors Inc. lowered its stake in Terreno Realty Co. (NYSE:TRNO) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,640 shares of the real estate investment trust’s stock after selling 1,670 shares during the period. Pacer Advisors Inc.’s holdings in Terreno Realty were worth $7,661,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in shares of Terreno Realty by 238.3% during the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock valued at $78,587,000 after acquiring an additional 935,418 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Terreno Realty during the 2nd quarter valued at about $39,064,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Terreno Realty by 7.5% in the 1st 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. grew its position 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. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Terreno Realty during the second quarter worth approximately $7,815,000.

Analysts Set New Price Targets

TRNO has been the topic of a number of recent research reports. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. The Goldman Sachs Group lifted their price objective on Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. JMP Securities raised their target price on Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 13th. Wolfe Research raised Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Finally, Barclays reduced their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $69.22.

Terreno Realty Stock Up 0.3 %

Terreno Realty stock opened at $60.40 on Friday. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $63.73 and a 200-day moving average of $63.11. The stock has a market capitalization of $6.02 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.77 and a beta of 0.90.

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

Terreno Realty Announces Dividend

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