Moody Aldrich Partners LLC Has $4.01 Million Position in Terreno Realty Co. (NYSE:TRNO)

Moody Aldrich Partners LLC lowered its position in shares of Terreno Realty Co. (NYSE:TRNO) by 36.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,784 shares of the real estate investment trust’s stock after selling 38,957 shares during the quarter. Moody Aldrich Partners LLC owned 0.07% of Terreno Realty worth $4,009,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp boosted its holdings in shares of Terreno Realty by 39.3% in the third quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust’s stock valued at $6,156,000 after buying an additional 25,988 shares during the period. Barclays PLC boosted its holdings in shares of Terreno Realty by 131.0% in the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock valued at $11,360,000 after buying an additional 96,380 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Terreno Realty by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock valued at $115,475,000 after buying an additional 315,506 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Terreno Realty by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock valued at $161,423,000 after buying an additional 8,940 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Terreno Realty in the third quarter valued at approximately $225,000.

Terreno Realty Stock Performance

NYSE TRNO opened at $66.19 on Wednesday. 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 firm’s fifty day moving average price is $60.56 and its two-hundred day moving average price is $64.11. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The firm has a market capitalization of $6.60 billion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 2.68 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). The company had revenue of $99.64 million during 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%. As a group, research analysts anticipate that Terreno Realty Co. will post 2.42 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, December 13th. Terreno Realty’s payout ratio is presently 107.69%.

Analysts Set New Price Targets

TRNO has been the subject of several research analyst reports. Barclays reiterated an “equal weight” rating and issued a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price for the company. JMP Securities restated a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, January 6th. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Finally, Scotiabank reduced their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Terreno Realty currently has a consensus rating of “Hold” and an average price target of $67.50.

Terreno Realty Company 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.