FMR LLC raised its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 16.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,599,257 shares of the real estate investment trust's stock after acquiring an additional 1,496,666 shares during the quarter. FMR LLC owned approximately 10.63% of Terreno Realty worth $708,348,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in Terreno Realty during the third quarter worth about $26,000. Assetmark Inc. raised its stake in shares of Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 381 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Terreno Realty during the second quarter worth $48,000. International Assets Investment Management LLC boosted its holdings in Terreno Realty by 6,580.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 987 shares during the period. Finally, CWM LLC increased its stake in Terreno Realty by 58.2% during the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 438 shares during the period.
Analyst Upgrades and Downgrades
TRNO has been the subject of several recent analyst reports. JMP Securities lifted their price objective on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 13th. Barclays lowered their price target on Terreno Realty from $69.00 to $68.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. The Goldman Sachs Group boosted their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Scotiabank dropped their price objective on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a research note on Friday, October 25th. Finally, Wolfe Research upgraded shares of Terreno Realty to a "hold" rating in a research report on Sunday, September 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $69.22.
Check Out Our Latest Stock Report on TRNO
Terreno Realty Stock Performance
Shares of NYSE:TRNO traded down $0.58 during trading on Friday, hitting $60.63. 423,395 shares of the company traded hands, compared to its average volume of 703,753. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.82 and a beta of 0.90. Terreno Realty Co. has a one year low of $53.78 and a one 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 business's fifty day moving average is $63.08 and its 200-day moving average is $63.28.
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 the consensus estimate of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The company had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. As a group, equities analysts predict that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.
Terreno Realty Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.23%. Terreno Realty's dividend payout ratio is currently 107.69%.
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.
Further Reading
Before you consider Terreno Realty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Terreno Realty wasn't on the list.
While Terreno Realty currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
