Spirit of America Management Corp NY Reduces Stake in Terreno Realty Co. (NYSE:TRNO)

Spirit of America Management Corp NY lowered its stake in Terreno Realty Co. (NYSE:TRNO) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,975 shares of the real estate investment trust’s stock after selling 500 shares during the period. Spirit of America Management Corp NY’s holdings in Terreno Realty were worth $2,482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Huntington National Bank grew its position in Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 177 shares in the last quarter. MML Investors Services LLC lifted its stake in Terreno Realty by 6.1% in the third quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 249 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Terreno Realty by 1.1% in the third quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock worth $1,860,000 after purchasing an additional 300 shares during the last quarter. Creative Planning lifted its stake in Terreno Realty by 7.0% in the second quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 312 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Terreno Realty by 0.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust’s stock worth $8,050,000 after purchasing an additional 370 shares during the last quarter.

Terreno Realty Stock Performance

Shares of NYSE:TRNO opened at $65.97 on Wednesday. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 2.74 and a beta of 0.91. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. 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 50 day moving average of $61.07 and a 200 day moving average of $64.08.

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

Analyst Ratings Changes

Several analysts have issued reports on TRNO shares. BMO Capital Markets started coverage on shares of Terreno Realty in a research note on Tuesday. They issued a “market perform” rating and a $71.00 price objective for the company. Barclays reissued an “equal weight” rating and issued a $60.00 price objective (down previously from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. JMP Securities reissued a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, January 6th. Scotiabank decreased their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $67.82.

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.