T. Rowe Price Investment Management Inc. raised its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,145,502 shares of the real estate investment trust's stock after acquiring an additional 210,696 shares during the period. T. Rowe Price Investment Management Inc. owned 5.16% of Terreno Realty worth $304,305,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Terreno Realty by 131.0% during the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock worth $11,360,000 after acquiring an additional 96,380 shares during the last quarter. HighTower Advisors LLC bought a new stake in Terreno Realty in the third quarter valued at about $255,000. KBC Group NV raised its position in shares of Terreno Realty by 40.7% during the 4th quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock valued at $217,000 after acquiring an additional 1,059 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Terreno Realty by 1.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust's stock worth $10,561,000 after acquiring an additional 2,755 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Terreno Realty during the fourth quarter worth about $1,342,000.
Terreno Realty Trading Down 0.7 %
Terreno Realty stock traded down $0.39 during midday trading on Friday, reaching $56.63. The stock had a trading volume of 702,161 shares, compared to its average volume of 904,954. The firm's fifty day simple moving average is $62.07 and its two-hundred day simple moving average is $62.04. 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 twelve month low of $48.18 and a twelve month high of $71.63. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 2.82 and a beta of 1.00.
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 for the quarter, beating 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%. Equities analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.
Terreno Realty Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were issued a $0.49 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.46%. Terreno Realty's dividend payout ratio is 102.08%.
Analysts Set New Price Targets
A number of research analysts have issued reports on TRNO shares. BMO Capital Markets boosted their price target on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Scotiabank cut their target price on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. JMP Securities reissued a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. Barclays decreased their target price on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $66.45.
Check Out Our Latest Research Report on Terreno Realty
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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