Jackson Creek Investment Advisors LLC Takes Position in Terreno Realty Co. (NYSE:TRNO)

Jackson Creek Investment Advisors LLC bought a new stake in Terreno Realty Co. (NYSE:TRNO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,870 shares of the real estate investment trust’s stock, valued at approximately $1,057,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new position in Terreno Realty in the fourth quarter valued at $35,000. Blue Trust Inc. boosted its holdings in Terreno Realty by 84.2% in the fourth quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 452 shares during the last quarter. Dfpg Investments LLC acquired a new position in Terreno Realty in the fourth quarter valued at $200,000. Covestor Ltd lifted its stake in shares of Terreno Realty by 16.9% during the third quarter. Covestor Ltd now owns 3,561 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 514 shares in the last quarter. Finally, Prudent Man Advisors LLC acquired a new position in shares of Terreno Realty during the third quarter worth about $204,000.

Analysts Set New Price Targets

TRNO has been the topic of a number of recent research reports. Mizuho boosted their price objective on Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Scotiabank boosted their price objective on Terreno Realty from $64.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Monday, February 12th. JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of Terreno Realty in a research note on Thursday, March 28th. Barclays initiated coverage on Terreno Realty in a research report on Wednesday, March 27th. They set an “overweight” rating and a $71.00 target price on the stock. Finally, Wedbush reaffirmed a “neutral” rating and set a $67.00 target price on shares of Terreno Realty in a research report on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Terreno Realty presently has a consensus rating of “Hold” and a consensus target price of $67.11.

Terreno Realty Stock Performance

Shares of NYSE:TRNO traded down $0.75 during trading on Tuesday, hitting $54.35. 523,224 shares of the company traded hands, compared to its average volume of 708,967. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 2.49 and a beta of 0.81. The business’s fifty day moving average is $61.95 and its 200-day moving average is $59.99. Terreno Realty Co. has a one year low of $50.42 and a one year high of $66.63. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.28.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.58 by $0.10. The company had revenue of $86.48 million during the quarter, compared to analyst estimates of $84.06 million. Terreno Realty had a return on equity of 5.55% and a net margin of 46.76%. As a group, equities analysts predict that Terreno Realty Co. will post 2.42 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, March 28th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 3.31%. Terreno Realty’s dividend payout ratio is presently 99.45%.

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.