Terreno Realty Co. (NYSE:TRNO) Stake Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 402,460 shares of the real estate investment trust's stock after purchasing an additional 19,911 shares during the period. Hsbc Holdings PLC owned about 0.40% of Terreno Realty worth $23,803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TRNO. Barclays PLC grew its position in shares of Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock valued at $11,360,000 after buying an additional 96,380 shares during the last quarter. KBC Group NV grew its holdings in shares of Terreno Realty by 40.7% during the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock valued at $217,000 after purchasing an additional 1,059 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Terreno Realty by 1.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust's stock worth $10,561,000 after purchasing an additional 2,755 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Terreno Realty in the 4th quarter worth approximately $1,342,000. Finally, Tidal Investments LLC boosted its position in Terreno Realty by 15.9% during the 3rd quarter. Tidal Investments LLC now owns 61,852 shares of the real estate investment trust's stock valued at $4,134,000 after purchasing an additional 8,490 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TRNO shares. BMO Capital Markets increased 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective on the stock. The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and upped their target price for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. Barclays cut their price target on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. Finally, Scotiabank decreased their price objective on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $66.45.

Terreno Realty Price Performance

Shares of NYSE TRNO opened at $56.63 on Friday. Terreno Realty Co. has a twelve month low of $48.18 and a twelve month high of $71.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $62.07 and a two-hundred day moving average of $62.04. The company has a market capitalization 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 released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 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%. As a group, analysts expect that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.