Brinker Capital Investments LLC Buys 760 Shares of Terreno Realty Co. (NYSE:TRNO)

Brinker Capital Investments LLC grew its stake in Terreno Realty Co. (NYSE:TRNO – Get Rating) by 4.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 17,973 shares of the real estate investment trust’s stock after acquiring an additional 760 shares during the period. Brinker Capital Investments LLC’s holdings in Terreno Realty were worth $952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TRNO. Advisor Group Holdings Inc. raised its position in shares of Terreno Realty by 6.8% in the first quarter. Advisor Group Holdings Inc. now owns 3,948 shares of the real estate investment trust’s stock valued at $320,000 after purchasing an additional 253 shares during the period. MetLife Investment Management LLC grew its stake in shares of Terreno Realty by 55.4% in the first quarter. MetLife Investment Management LLC now owns 39,255 shares of the real estate investment trust’s stock valued at $2,907,000 after acquiring an additional 13,997 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Terreno Realty by 17.2% in the first quarter. Rhumbline Advisers now owns 137,608 shares of the real estate investment trust’s stock valued at $10,190,000 after acquiring an additional 20,239 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Terreno Realty by 6.0% in the first quarter. Great West Life Assurance Co. Can now owns 63,883 shares of the real estate investment trust’s stock valued at $4,907,000 after acquiring an additional 3,589 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Terreno Realty by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,336,796 shares of the real estate investment trust’s stock valued at $98,993,000 after acquiring an additional 22,692 shares in the last quarter. 98.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. TheStreet upgraded shares of Terreno Realty from a “c+” rating to a “b-” rating in a research note on Wednesday, November 30th. Scotiabank downgraded shares of Terreno Realty from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $73.00 to $54.00 in a research note on Monday, October 17th. Stifel Nicolaus started coverage on shares of Terreno Realty in a research note on Wednesday, October 12th. They set a “buy” rating and a $62.00 price objective on the stock. StockNews.com upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. Finally, Piper Sandler reduced their price objective on shares of Terreno Realty from $73.00 to $69.00 and set an “overweight” rating on the stock in a research note on Friday, October 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Terreno Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Insider Activity

In related news, Director Leroy E. Carlson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $58.49, for a total value of $233,960.00. Following the completion of the transaction, the director now owns 37,791 shares in the company, valued at approximately $2,210,395.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by corporate insiders.

Terreno Realty Trading Down 0.3 %

TRNO opened at $62.93 on Monday. The company’s 50 day moving average is $58.35 and its 200-day moving average is $58.43. Terreno Realty Co. has a 1-year low of $50.36 and a 1-year high of $81.01. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.38. The company has a market cap of $4.79 billion, a P/E ratio of 27.72 and a beta of 0.78.

Terreno Realty (NYSE:TRNO – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). Terreno Realty had a net margin of 65.44% and a return on equity of 8.14%. The company had revenue of $70.80 million during the quarter, compared to analyst estimates of $66.95 million. Equities research analysts predict that Terreno Realty Co. will post 1.97 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.54%. Terreno Realty’s payout ratio is currently 70.48%.

About Terreno Realty

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Terreno Realty Corp. operates as a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W.