Mitsubishi UFJ Asset Management Co. Ltd. Grows Holdings in Terreno Realty Co. (NYSE:TRNO)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,132 shares of the real estate investment trust's stock after buying an additional 4,404 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Terreno Realty worth $3,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Stifel Financial Corp boosted its holdings in shares of Terreno Realty by 39.3% in the third quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust's stock worth $6,156,000 after buying an additional 25,988 shares during the last quarter. Barclays PLC increased its position in Terreno Realty by 131.0% in the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock worth $11,360,000 after buying an additional 96,380 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Terreno Realty by 0.4% in 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 buying an additional 8,940 shares during the period. Verition Fund Management LLC purchased a new position in shares of Terreno Realty during the 3rd quarter valued at about $225,000. Finally, HighTower Advisors LLC bought a new position in shares of Terreno Realty during the 3rd quarter valued at approximately $255,000.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TRNO. Barclays lowered their price target on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and increased their target price for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. BMO Capital Markets lifted their price objective 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. Piper Sandler reduced their price target on shares of Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Finally, Scotiabank boosted their price target on shares of Terreno Realty from $64.00 to $68.00 and gave the stock a "sector perform" rating in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $69.09.

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Terreno Realty Trading Down 9.4 %

Shares of NYSE:TRNO traded down $6.02 during trading on Thursday, reaching $57.87. The company's stock had a trading volume of 1,544,813 shares, compared to its average volume of 877,603. The firm's 50 day simple moving average is $66.12 and its two-hundred day simple moving average is $63.52. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The stock has a market capitalization of $5.96 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93.

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

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Thursday, March 27th. Terreno Realty's dividend payout ratio (DPR) 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.