Copeland Capital Management LLC Grows Position in Terreno Realty Co. (NYSE:TRNO)

Copeland Capital Management LLC raised its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,209,144 shares of the real estate investment trust’s stock after purchasing an additional 79,701 shares during the quarter. Terreno Realty makes up approximately 1.3% of Copeland Capital Management LLC’s portfolio, making the stock its 24th largest holding. Copeland Capital Management LLC owned 1.21% of Terreno Realty worth $71,509,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TRNO. V Square Quantitative Management LLC bought a new stake in shares of Terreno Realty during the third quarter valued at about $26,000. Assetmark Inc. increased its position 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 buying an additional 381 shares during the period. International Assets Investment Management LLC increased its position in shares of Terreno Realty by 6,580.0% during the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 987 shares during the period. Huntington National Bank increased its position in shares of Terreno Realty by 7.4% during the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 177 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Terreno Realty by 72.6% during the third quarter. Blue Trust Inc. now owns 3,067 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 1,290 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TRNO shares. Barclays reiterated an “equal weight” rating and set a $60.00 price target (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Scotiabank decreased their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. JMP Securities restated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $67.50.

Terreno Realty Stock Performance

NYSE:TRNO opened at $65.43 on Friday. The firm has a market cap of $6.53 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 2.72 and a beta of 0.90. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. The business has a 50 day moving average price of $60.99 and a 200-day moving average price of $64.10.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). The company had revenue of $99.64 million for the quarter, compared to analysts’ expectations of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. Equities research analysts predict that Terreno Realty Co. will post 2.42 earnings per share for the current year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 13th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Friday, December 13th. Terreno Realty’s dividend payout ratio (DPR) is currently 107.69%.

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.