Pacer Advisors Inc. Decreases Stock Position in Terreno Realty Co. (NYSE:TRNO)

Pacer Advisors Inc. trimmed its position in shares of Terreno Realty Co. (NYSE:TRNO) by 37.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,632 shares of the real estate investment trust’s stock after selling 43,008 shares during the quarter. Pacer Advisors Inc. owned 0.07% of Terreno Realty worth $4,236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TRNO. AQR Capital Management LLC lifted its stake in Terreno Realty by 48.4% in the second quarter. AQR Capital Management LLC now owns 44,114 shares of the real estate investment trust’s stock worth $2,611,000 after purchasing an additional 14,386 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Terreno Realty by 14.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 66,584 shares of the real estate investment trust’s stock valued at $3,940,000 after buying an additional 8,336 shares during the period. Algert Global LLC bought a new position in Terreno Realty in the 2nd quarter worth about $573,000. Creative Planning grew its stake in Terreno Realty by 7.0% in the second quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 312 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Terreno Realty in the 2nd quarter worth $1,147,000.

Terreno Realty Trading Up 0.9 %

Terreno Realty stock opened at $65.59 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. The stock has a market cap of $6.54 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 2.68 and a beta of 0.90. The stock has a 50-day moving average of $60.78 and a two-hundred day moving average of $64.12. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63.

Terreno Realty (NYSE:TRNO) last announced 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 company had revenue of $99.64 million during the quarter, compared to analysts’ expectations of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. On average, research analysts anticipate that Terreno Realty Co. will post 2.42 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 13th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Friday, December 13th. Terreno Realty’s payout ratio is 107.69%.

Analysts Set New Price Targets

Several research firms recently weighed in on TRNO. Deutsche Bank Aktiengesellschaft assumed coverage on Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a research report on Monday, January 6th. StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Scotiabank lowered their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. Finally, Barclays reiterated an “equal weight” rating and issued a $60.00 price target (down from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $67.50.

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.