Resona Asset Management Co. Ltd. acquired a new stake in Terreno Realty Co. (NYSE:TRNO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 39,806 shares of the real estate investment trust's stock, valued at approximately $2,352,000.
Other hedge funds also recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new position in Terreno Realty in the fourth quarter worth about $27,000. Steward Partners Investment Advisory LLC boosted 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 valued at $33,000 after buying an additional 361 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Terreno Realty in the fourth quarter valued at $76,000. Verition Fund Management LLC acquired a new position in Terreno Realty during the third quarter worth $225,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Terreno Realty during the fourth quarter valued at $202,000.
Terreno Realty Trading Up 0.1 %
Shares of TRNO stock traded up $0.08 on Tuesday, reaching $55.77. 158,160 shares of the stock were exchanged, compared to its average volume of 896,080. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. Terreno Realty Co. has a one year low of $48.18 and a one year high of $71.63. The stock has a market cap of $5.74 billion, a PE ratio of 29.00, a P/E/G ratio of 2.82 and a beta of 1.00. The stock has a 50 day moving average price of $63.90 and a 200 day moving average price of $62.54.
Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts forecast that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.
Terreno Realty Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were issued a $0.49 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.51%. Terreno Realty's dividend payout ratio is currently 102.08%.
Analysts Set New Price Targets
TRNO has been the topic of several analyst reports. BMO Capital Markets upped their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. JMP Securities reiterated a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Barclays decreased their price target on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $66.45.
View Our Latest Report on TRNO
Terreno Realty Profile
(
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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