Uniplan Investment Counsel Inc. Grows Holdings in Terreno Realty Co. (NYSE:TRNO)

Uniplan Investment Counsel Inc. raised its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 542,030 shares of the real estate investment trust's stock after buying an additional 5,368 shares during the quarter. Terreno Realty comprises 3.0% of Uniplan Investment Counsel Inc.'s investment portfolio, making the stock its 7th largest holding. Uniplan Investment Counsel Inc. owned approximately 0.54% of Terreno Realty worth $32,056,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TRNO. Manchester Capital Management LLC acquired a new position in shares of Terreno Realty during the fourth quarter worth approximately $27,000. Steward Partners Investment Advisory LLC lifted its position in Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 361 shares during the period. Quadrant Capital Group LLC boosted its stake in Terreno Realty by 94.6% during the fourth quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock worth $45,000 after buying an additional 370 shares in the last quarter. State of Tennessee Department of Treasury bought a new stake in Terreno Realty in the 4th quarter valued at $71,000. Finally, FIL Ltd raised its stake in shares of Terreno Realty by 45.3% in the 4th quarter. FIL Ltd now owns 1,213 shares of the real estate investment trust's stock valued at $72,000 after buying an additional 378 shares in the last quarter.

Terreno Realty Price Performance

NYSE:TRNO traded down $0.39 during mid-day trading on Friday, reaching $56.63. 702,161 shares of the company were exchanged, compared to its average volume of 904,954. Terreno Realty Co. has a 12 month low of $48.18 and a 12 month high of $71.63. The company has a fifty day moving average of $62.07 and a 200 day moving average of $62.04. 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 stock has a market cap of $5.83 billion, a PE 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 data on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts' consensus estimates 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, research analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Thursday, March 27th. Terreno Realty's dividend payout ratio is currently 102.08%.

Wall Street Analyst Weigh In

TRNO has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and increased their price objective for the company from $65.00 to $77.00 in a research note on Friday, February 21st. Barclays dropped their price objective on shares of 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. Scotiabank dropped their price objective on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. JMP Securities restated a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $66.45.

About Terreno Realty

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.