Citigroup Inc. increased its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 48.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,289 shares of the real estate investment trust's stock after buying an additional 33,743 shares during the quarter. Citigroup Inc. owned about 0.10% of Terreno Realty worth $6,903,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in shares of 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 worth $78,587,000 after acquiring an additional 935,418 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Terreno Realty in the 2nd quarter valued at $39,064,000. Charles Schwab Investment Management Inc. raised its position in Terreno Realty by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock valued at $115,475,000 after purchasing an additional 315,506 shares during the period. American Century Companies Inc. lifted its stake in shares of Terreno Realty by 7.3% during the second quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust's stock worth $127,287,000 after purchasing an additional 146,808 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Terreno Realty in the second quarter worth about $7,815,000.
Analyst Ratings Changes
TRNO has been the topic of several analyst reports. Wedbush reiterated a "neutral" rating and set a $70.00 target price (up from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. JMP Securities upped their target price on shares of Terreno Realty from $65.00 to $72.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 13th. StockNews.com lowered shares of Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. Mizuho reiterated an "underperform" rating and issued a $62.00 price objective on shares of Terreno Realty in a report on Thursday, September 5th. Finally, The Goldman Sachs Group raised their target price on Terreno Realty from $60.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $69.22.
Check Out Our Latest Research Report on TRNO
Terreno Realty Stock Performance
Shares of TRNO traded down $0.58 during midday trading on Friday, hitting $60.63. 423,395 shares of the stock traded hands, compared to its average volume of 702,252. The business's 50 day moving average price is $62.92 and its two-hundred day moving average price is $63.37. The firm has a market capitalization of $6.05 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year high of $71.63.
Terreno Realty (NYSE:TRNO - Get Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.24). The business had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. Equities research analysts predict that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.
Terreno Realty Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.23%. Terreno Realty's dividend payout ratio is currently 107.69%.
Terreno Realty Company Profile
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Free Report)
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.
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