FMR LLC lifted its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,227,373 shares of the real estate investment trust's stock after purchasing an additional 628,116 shares during the period. FMR LLC owned about 11.25% of Terreno Realty worth $663,987,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of TRNO. MML Investors Services LLC grew its holdings in shares of Terreno Realty by 6.1% during the third quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust's stock worth $291,000 after buying an additional 249 shares in the last quarter. Arizona State Retirement System raised its holdings in Terreno Realty by 1.0% in the 4th quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock valued at $1,663,000 after acquiring an additional 276 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in 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 purchasing an additional 361 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Terreno Realty by 0.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust's stock worth $8,050,000 after purchasing an additional 370 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Terreno Realty by 94.6% in 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.
Terreno Realty Stock Up 2.4 %
Shares of TRNO traded up $1.32 during midday trading on Monday, hitting $55.92. The company had a trading volume of 119,058 shares, compared to its average volume of 896,540. Terreno Realty Co. has a 1 year low of $48.18 and a 1 year high of $71.63. The firm has a market capitalization of $5.76 billion, a P/E ratio of 29.13, a P/E/G 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. The company's 50-day simple moving average is $64.12 and its 200-day simple moving average is $62.63.
Terreno Realty (NYSE:TRNO - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. As a group, sell-side analysts expect that Terreno Realty Co. will post 2.64 EPS for the current year.
Terreno Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.51%. Terreno Realty's dividend payout ratio (DPR) is presently 102.08%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on TRNO. JMP Securities reiterated a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. Scotiabank dropped their price target on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Barclays decreased their price objective on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. BMO Capital Markets lifted their target price on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $60.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Terreno Realty currently has a consensus rating of "Hold" and an average price target of $66.55.
Check Out Our Latest Research Report on TRNO
About Terreno Realty
(
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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