Sumitomo Mitsui Trust Group Inc. Has $7.10 Million Holdings in Terreno Realty Co. (NYSE:TRNO)

Sumitomo Mitsui Trust Group Inc. cut its holdings in Terreno Realty Co. (NYSE:TRNO) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,278 shares of the real estate investment trust’s stock after selling 453 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.11% of Terreno Realty worth $7,103,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TRNO. Amalgamated Bank boosted its stake 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 valued at $187,000 after purchasing an additional 284 shares in the last quarter. Handelsbanken Fonder AB boosted its stake 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 valued at $1,860,000 after purchasing an additional 300 shares in the last quarter. Creative Planning boosted its stake 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 valued at $284,000 after purchasing an additional 312 shares in the last quarter. American International Group Inc. boosted its stake in shares of Terreno Realty by 0.9% during the first quarter. American International Group Inc. now owns 41,600 shares of the real estate investment trust’s stock valued at $2,762,000 after purchasing an additional 368 shares in the last quarter. Finally, Assetmark Inc. boosted its stake 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 valued at $27,000 after purchasing an additional 381 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wedbush reissued a “neutral” rating and set a $70.00 price target (up from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. The Goldman Sachs Group lifted their price objective on Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Mizuho reaffirmed an “underperform” rating and issued a $62.00 price objective on shares of Terreno Realty in a research note on Thursday, September 5th. JMP Securities lifted their price objective on Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 13th. Finally, StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $69.22.

Terreno Realty Trading Down 0.1 %

Shares of TRNO stock opened at $60.62 on Tuesday. The company has a market cap of $6.05 billion, a P/E ratio of 33.31, a PEG ratio of 2.79 and a beta of 0.90. The stock has a 50 day simple moving average of $64.55 and a two-hundred day simple moving average of $63.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63.

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 forecast that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Dividend Announcement

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 is Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.23%. Terreno Realty’s dividend payout ratio is 107.69%.

Terreno Realty 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.