Stifel Financial Corp Purchases 25,988 Shares of Terreno Realty Co. (NYSE:TRNO)

Stifel Financial Corp raised its position in Terreno Realty Co. (NYSE:TRNO) by 39.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,115 shares of the real estate investment trust’s stock after purchasing an additional 25,988 shares during the quarter. Stifel Financial Corp owned 0.09% of Terreno Realty worth $6,156,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TRNO. Huntington National Bank raised its position in shares of Terreno Realty by 7.4% during the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 177 shares during the last quarter. Amalgamated Bank raised its position in shares of Terreno Realty by 9.9% during the second quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 284 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Terreno Realty by 1.1% during the third quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock worth $1,860,000 after acquiring an additional 300 shares during the last quarter. Creative Planning raised its position in shares of Terreno Realty by 7.0% during the second quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 312 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Terreno Realty by 2,381.3% during the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 381 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Wedbush restated a “neutral” rating and set a $70.00 price objective (up from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Wolfe Research upgraded Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a research note on Monday, December 9th. Finally, Barclays decreased their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.22.

Terreno Realty Trading Up 0.0 %

NYSE TRNO opened at $62.22 on Friday. The stock has a market capitalization of $6.21 billion, a P/E ratio of 34.18, a P/E/G ratio of 2.91 and a beta of 0.89. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63. The business has a 50 day simple moving average of $61.90 and a 200 day simple moving average of $63.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate 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 net margin of 45.37% and a return on equity of 4.94%. Research analysts expect that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.15%. Terreno Realty’s dividend payout ratio is 107.69%.

About Terreno Realty

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.