Easterly Investment Partners LLC Increases Stake in Terreno Realty Co. (NYSE:TRNO)

Easterly Investment Partners LLC lifted its holdings in Terreno Realty Co. (NYSE:TRNO) by 168.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 106,855 shares of the real estate investment trust’s stock after purchasing an additional 67,049 shares during the period. Easterly Investment Partners LLC owned about 0.11% of Terreno Realty worth $6,319,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TRNO. Manchester Capital Management LLC bought a new position in shares of Terreno Realty during the 4th quarter worth approximately $27,000. Steward Partners Investment Advisory LLC raised its position in Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 361 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Terreno Realty during the 4th quarter valued at about $76,000. Los Angeles Capital Management LLC acquired a new position in Terreno Realty in the fourth quarter valued at approximately $202,000. Finally, Virtu Financial LLC acquired a new position in shares of Terreno Realty in the 4th quarter valued at $205,000.

Wall Street Analysts Forecast Growth

TRNO has been the subject of several recent analyst reports. Barclays cut their price target on Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating for the company in a research note on Tuesday. BMO Capital Markets boosted their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Scotiabank lifted their price objective on Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, February 28th. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.09.

Terreno Realty Stock Up 1.4 %

Terreno Realty stock opened at $63.92 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The stock has a 50-day simple moving average of $66.04 and a 200-day simple moving average of $63.71. The company has a market capitalization of $6.38 billion, a P/E ratio of 33.29, a PEG ratio of 2.82 and a beta of 0.93.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. Equities research analysts expect that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.07%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s payout ratio is currently 102.08%.

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.