Copeland Capital Management LLC grew its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,209,144 shares of the real estate investment trust's stock after purchasing an additional 79,701 shares during the period. Terreno Realty comprises about 1.3% of Copeland Capital Management LLC's investment portfolio, making the stock its 24th biggest holding. Copeland Capital Management LLC owned 1.21% of Terreno Realty worth $71,509,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of TRNO. KBC Group NV boosted its holdings in Terreno Realty by 40.7% in the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock worth $217,000 after purchasing an additional 1,059 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Terreno Realty by 55.3% in the fourth quarter. Blue Trust Inc. now owns 4,764 shares of the real estate investment trust's stock worth $282,000 after acquiring an additional 1,697 shares during the period. Fifth Third Bancorp increased its position in Terreno Realty by 7.4% during the fourth quarter. Fifth Third Bancorp now owns 6,436 shares of the real estate investment trust's stock valued at $381,000 after acquiring an additional 441 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Terreno Realty in the fourth quarter valued at about $444,000. Finally, Diversify Wealth Management LLC boosted its position in Terreno Realty by 48.0% in the fourth quarter. Diversify Wealth Management LLC now owns 7,341 shares of the real estate investment trust's stock worth $425,000 after purchasing an additional 2,382 shares during the last quarter.
Wall Street Analyst Weigh In
Several research firms have recently commented on TRNO. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $60.00 price target for the company. BMO Capital Markets assumed coverage on Terreno Realty in a research report on Tuesday. They issued a "market perform" rating and a $71.00 price target for the company. Scotiabank lowered their target price on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a research note on Friday, October 25th. JMP Securities reissued a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a report on Monday, January 6th. Finally, StockNews.com downgraded Terreno Realty from a "hold" rating to a "sell" rating in a research note on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $67.82.
Check Out Our Latest Report on Terreno Realty
Terreno Realty Stock Up 0.7 %
Terreno Realty stock traded up $0.46 during trading hours on Wednesday, reaching $66.46. The stock had a trading volume of 188,157 shares, compared to its average volume of 829,991. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 2.74 and a beta of 0.91. The business's 50 day moving average price is $61.18 and its 200-day moving average price is $64.07. 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 0.20, a current ratio of 2.71 and a quick ratio of 2.71.
Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings data 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). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The business had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Sell-side analysts anticipate that Terreno Realty Co. will post 2.42 EPS for the current year.
Terreno Realty 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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