American Century Companies Inc. Has $110.92 Million Stake in Terreno Realty Co. (NYSE:TRNO)

American Century Companies Inc. lowered its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 14.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,875,473 shares of the real estate investment trust's stock after selling 318,155 shares during the quarter. American Century Companies Inc. owned about 1.88% of Terreno Realty worth $110,915,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MML Investors Services LLC increased its stake in Terreno Realty by 6.1% during the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust's stock worth $291,000 after acquiring an additional 249 shares during the period. Arizona State Retirement System grew its holdings in shares of Terreno Realty by 1.0% during the 4th quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock worth $1,663,000 after purchasing an additional 276 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 361 shares during the period. Nomura Asset Management Co. Ltd. raised 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 valued at $8,050,000 after purchasing an additional 370 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Terreno Realty by 3.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 11,585 shares of the real estate investment trust's stock worth $685,000 after purchasing an additional 400 shares during the period.

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Terreno Realty Trading Down 1.4 %

NYSE TRNO traded down $0.89 during trading hours on Tuesday, reaching $63.16. The company's stock had a trading volume of 358,151 shares, compared to its average volume of 894,849. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market cap of $6.30 billion, a P/E ratio of 32.89, a P/E/G ratio of 2.82 and a beta of 0.93. The firm has a fifty day simple moving average of $65.89 and a 200-day simple moving average of $63.75.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. Equities analysts forecast that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a $0.49 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.10%. Terreno Realty's dividend payout ratio (DPR) is presently 102.08%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays decreased their target price on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a report on Tuesday. Scotiabank lifted their price objective on shares of Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a research note on Friday, February 28th. Piper Sandler reduced their target price on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. BMO Capital Markets upped their price objective on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and lifted their target price for the company from $65.00 to $77.00 in a research report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $69.09.

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.