Zurcher Kantonalbank Zurich Cantonalbank Has $3.77 Million Stake in Terreno Realty Co. (NYSE:TRNO)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 53.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,807 shares of the real estate investment trust's stock after acquiring an additional 22,137 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Terreno Realty worth $3,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRNO. Huntington National Bank grew its holdings in Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust's stock valued at $171,000 after purchasing an additional 177 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Terreno Realty by 6.1% during the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust's stock valued at $291,000 after acquiring an additional 249 shares during the last quarter. Arizona State Retirement System boosted its holdings in Terreno Realty by 1.0% in the fourth quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock valued at $1,663,000 after acquiring an additional 276 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Terreno Realty by 176.1% during the fourth 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. Finally, Nomura Asset Management Co. Ltd. boosted its position in Terreno Realty by 0.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust's stock worth $8,050,000 after purchasing an additional 370 shares during the period.

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Terreno Realty Trading Down 0.3 %

Shares of TRNO traded down $0.19 on Wednesday, reaching $66.33. 475,715 shares of the company's stock were exchanged, compared to its average volume of 886,126. The business has a 50 day moving average price of $65.41 and a two-hundred day moving average price of $63.87. 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 $6.62 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. 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 (NYSE:TRNO - Get Free Report) last issued its 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%. Research analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty's dividend payout ratio (DPR) is presently 102.08%.

Analysts Set New Price Targets

TRNO has been the topic of several recent analyst reports. BMO Capital Markets upped their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and raised their target price for the company from $65.00 to $77.00 in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 target price on the stock. 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 report on Friday, February 28th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Terreno Realty currently has a consensus rating of "Hold" and an average price target of $69.36.

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.