Barclays PLC Increases Position in Terreno Realty Co. (NYSE:TRNO)

Barclays PLC boosted its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,754 shares of the real estate investment trust's stock after purchasing an additional 15,774 shares during the period. Barclays PLC owned about 0.19% of Terreno Realty worth $10,985,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TRNO. Manchester Capital Management LLC purchased a new stake in shares of Terreno Realty in the 4th quarter valued at $27,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Terreno Realty by 176.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after buying an additional 361 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Terreno Realty by 94.6% during the fourth quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 370 shares in the last quarter. FIL Ltd raised its holdings in Terreno Realty by 45.3% during the fourth quarter. FIL Ltd now owns 1,213 shares of the real estate investment trust's stock valued at $72,000 after acquiring an additional 378 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Terreno Realty during the 4th quarter valued at about $76,000.

Terreno Realty Stock Performance

Shares of TRNO stock traded down $0.36 during midday trading on Friday, hitting $56.66. 454,667 shares of the company were exchanged, compared to its average volume of 903,003. Terreno Realty Co. has a 52 week low of $48.18 and a 52 week high of $71.63. The firm's 50 day moving average price is $62.28 and its two-hundred day moving average price is $62.10. The firm has a market capitalization of $5.84 billion, a P/E ratio of 29.50, a PEG ratio of 2.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share 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%. As a group, equities research analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, March 27th. Terreno Realty's payout ratio is 102.08%.

Analyst Ratings Changes

Several research firms have recently weighed in on TRNO. JMP Securities reiterated a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and raised their price objective for the company from $65.00 to $77.00 in a report on Friday, February 21st. Scotiabank decreased their target price on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 target price on the stock. Finally, BMO Capital Markets lifted their price objective on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Terreno Realty presently has a consensus rating of "Hold" and an average target price of $66.45.

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.