104,885 Shares in Terreno Realty Co. (NYSE:TRNO) Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC purchased a new stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 104,885 shares of the real estate investment trust's stock, valued at approximately $6,203,000. Peregrine Capital Management LLC owned 0.11% of Terreno Realty as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. FMR LLC lifted its holdings in shares of Terreno Realty by 16.4% in the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock worth $708,348,000 after acquiring an additional 1,496,666 shares during the last quarter. Geode Capital Management LLC lifted its stake in Terreno Realty by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust's stock worth $161,423,000 after purchasing an additional 8,940 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Terreno Realty by 22.3% during the 3rd 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 acquiring an additional 315,506 shares during the period. Copeland Capital Management LLC boosted its holdings in Terreno Realty by 7.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,209,144 shares of the real estate investment trust's stock valued at $71,509,000 after acquiring an additional 79,701 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in 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 valued at $70,473,000 after acquiring an additional 394,436 shares during the period.

Analyst Ratings Changes

Several equities analysts have commented on TRNO shares. BMO Capital Markets raised their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. JMP Securities reiterated a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. Barclays reiterated an "equal weight" rating and issued a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Scotiabank dropped their target price on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $60.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Terreno Realty presently has a consensus rating of "Hold" and an average target price of $69.27.

Terreno Realty Trading Up 0.4 %

Shares of NYSE TRNO traded up $0.26 during midday trading on Friday, hitting $67.08. The stock had a trading volume of 1,301,114 shares, compared to its average volume of 870,827. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.82 and a beta of 0.91. 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 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $62.56 and a 200 day moving average price of $64.03.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. On average, analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 2.92%. Terreno Realty's dividend payout ratio is currently 102.08%.

Terreno Realty Profile

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.