Mutual of America Capital Management LLC Increases Stock Position in Terreno Realty Co. (NYSE:TRNO)

Mutual of America Capital Management LLC lifted its holdings in Terreno Realty Co. (NYSE:TRNO) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,179 shares of the real estate investment trust’s stock after buying an additional 1,452 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Terreno Realty were worth $5,893,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Terreno Realty in the third quarter worth about $26,000. Assetmark Inc. increased its position in Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 381 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Terreno Realty during the second quarter valued at $48,000. EntryPoint Capital LLC boosted its holdings in Terreno Realty by 80.3% in the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 419 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Terreno Realty by 6,580.0% in the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 987 shares during the last quarter.

Terreno Realty Price Performance

NYSE TRNO opened at $60.52 on Wednesday. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.04 billion, a P/E ratio of 33.25, a PEG ratio of 2.79 and a beta of 0.90. The company has a 50-day moving average price of $64.40 and a 200-day moving average price of $63.07. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results 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). 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 the consensus estimate of $96.31 million. Equities research analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current 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 given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, December 13th. Terreno Realty’s payout ratio is 107.69%.

Analysts Set New Price Targets

TRNO has been the topic of several recent analyst reports. 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. Barclays reduced their price target on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Wolfe Research raised Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Scotiabank reduced 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, JMP Securities upped their price target on Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a report on Tuesday, August 13th. Two equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $69.22.

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.