Terreno Realty Co. (NYSE:TRNO) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 22.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,727,893 shares of the real estate investment trust's stock after acquiring an additional 315,506 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.73% of Terreno Realty worth $115,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRNO. American Century Companies Inc. lifted its holdings in shares of Terreno Realty by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust's stock valued at $127,287,000 after buying an additional 146,808 shares during the period. Dimensional Fund Advisors LP raised its position in Terreno Realty by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust's stock valued at $81,862,000 after acquiring an additional 103,833 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Terreno Realty by 238.3% in the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust's stock valued at $78,587,000 after acquiring an additional 935,418 shares during the period. Copeland Capital Management LLC boosted its position in Terreno Realty by 1.3% in the 3rd quarter. Copeland Capital Management LLC now owns 1,129,443 shares of the real estate investment trust's stock worth $75,481,000 after purchasing an additional 13,988 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Terreno Realty by 59.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust's stock worth $70,473,000 after purchasing an additional 394,436 shares during the period.

Analyst Ratings Changes

TRNO has been the subject of a number of analyst reports. 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 report on Friday, October 25th. Mizuho reaffirmed an "underperform" rating and set a $62.00 target price on shares of Terreno Realty in a research note on Thursday, September 5th. Wells Fargo & Company cut shares of Terreno Realty from an "overweight" rating to an "equal weight" rating and lifted their price target for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. Barclays decreased their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. Finally, JMP Securities boosted their target price on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $69.22.

Terreno Realty Price Performance

TRNO traded down $0.63 during trading on Tuesday, reaching $60.45. The company's stock had a trading volume of 663,390 shares, compared to its average volume of 706,654. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year 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 fifty day simple moving average of $63.38 and a two-hundred day simple moving average of $63.31. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 2.78 and a beta of 0.90.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.24). The firm had revenue of $99.64 million for the quarter, compared to analyst estimates 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 anticipate that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty's dividend payout ratio is presently 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.