M&T Bank Corp Has $1.37 Million Holdings in Terreno Realty Co. (NYSE:TRNO)

M&T Bank Corp decreased its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,471 shares of the real estate investment trust’s stock after selling 258 shares during the period. M&T Bank Corp’s holdings in Terreno Realty were worth $1,368,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in shares of Terreno Realty by 39.3% during the 3rd quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust’s stock worth $6,156,000 after buying an additional 25,988 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Terreno Realty by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock worth $115,475,000 after acquiring an additional 315,506 shares in the last quarter. Sei Investments Co. boosted its position in Terreno Realty by 27.0% during the second quarter. Sei Investments Co. now owns 482,394 shares of the real estate investment trust’s stock valued at $28,549,000 after purchasing an additional 102,456 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in Terreno Realty by 9.4% in the second quarter. Mutual of America Capital Management LLC now owns 86,727 shares of the real estate investment trust’s stock valued at $5,133,000 after purchasing an additional 7,483 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Terreno Realty by 19.0% in the second quarter. Victory Capital Management Inc. now owns 46,601 shares of the real estate investment trust’s stock valued at $2,758,000 after purchasing an additional 7,441 shares in the last quarter.

Terreno Realty Stock Down 0.7 %

Terreno Realty stock opened at $62.25 on Monday. The company’s 50-day moving average price is $61.83 and its two-hundred day moving average price is $63.68. 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 stock has a market cap of $6.21 billion, a P/E ratio of 34.20, a P/E/G ratio of 2.87 and a beta of 0.89. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63.

Terreno Realty (NYSE:TRNO) last announced its earnings results 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 firm had revenue of $99.64 million for 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%. As a group, analysts expect that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty’s dividend payout ratio is currently 107.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research note on Monday, December 9th. Wells Fargo & Company lowered shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Mizuho reaffirmed an “underperform” rating and issued a $62.00 target price on shares of Terreno Realty in a report on Thursday, September 5th. Finally, StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.22.

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.