Thrivent Financial for Lutherans Sells 54,759 Shares of Terreno Realty Co. (NYSE:TRNO)

Thrivent Financial for Lutherans decreased its position in shares of Terreno Realty Co. (NYSE:TRNO) by 4.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,273,173 shares of the real estate investment trust’s stock after selling 54,759 shares during the period. Thrivent Financial for Lutherans’ holdings in Terreno Realty were worth $85,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Terreno Realty during the 3rd quarter valued at about $26,000. Assetmark Inc. lifted its position in Terreno Realty by 2,381.3% during the third 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 period. Ashton Thomas Private Wealth LLC purchased a new stake in Terreno Realty in the second quarter worth approximately $48,000. EntryPoint Capital LLC grew its position in Terreno Realty by 80.3% in the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 419 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Terreno Realty by 6,580.0% during 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 buying an additional 987 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JMP Securities increased their target price on Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a report on Tuesday, August 13th. The Goldman Sachs Group boosted their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Mizuho reissued an “underperform” rating and set a $62.00 price objective on shares of Terreno Realty in a research report on Thursday, September 5th. Finally, Scotiabank decreased their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty has a consensus rating of “Hold” and a consensus price target of $69.22.

Terreno Realty Price Performance

NYSE:TRNO opened at $60.66 on Monday. The business’s 50-day simple moving average is $64.55 and its two-hundred day simple moving average is $62.96. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The stock has a market cap of $6.05 billion, a PE ratio of 33.33, a P/E/G ratio of 2.79 and a beta of 0.90. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The business had revenue of $99.64 million during the quarter, compared to analysts’ expectations of $96.31 million. As a group, analysts forecast that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.23%. Terreno Realty’s dividend payout ratio is currently 107.69%.

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.