Terreno Realty Co. (NYSE:TRNO) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,090 shares of the real estate investment trust's stock after purchasing an additional 10,640 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.13% of Terreno Realty worth $7,753,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Terreno Realty in the 4th quarter valued at approximately $58,818,000. Easterly Investment Partners LLC boosted its position in shares of Terreno Realty by 168.4% during the 4th quarter. Easterly Investment Partners LLC now owns 106,855 shares of the real estate investment trust's stock worth $6,319,000 after acquiring an additional 67,049 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Terreno Realty by 2.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,264,657 shares of the real estate investment trust's stock worth $74,792,000 after acquiring an additional 35,034 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Terreno Realty by 7.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 66,132 shares of the real estate investment trust's stock worth $3,878,000 after acquiring an additional 4,404 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Terreno Realty during the 4th quarter worth about $358,000.

Terreno Realty Stock Performance

Shares of TRNO stock traded down $6.02 during midday trading on Thursday, hitting $57.87. The company had a trading volume of 1,544,813 shares, compared to its average volume of 876,329. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The company's 50 day simple moving average is $66.12 and its 200 day simple moving average is $63.52. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 2.82 and a beta of 0.93.

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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 (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%. Research analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.39%. Terreno Realty's dividend payout ratio is currently 102.08%.

Wall Street Analyst Weigh In

TRNO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price target on the stock. Scotiabank increased their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, February 28th. JMP Securities reissued a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Finally, BMO Capital Markets lifted their target price 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $69.09.

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.