UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 339.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 611,128 shares of the real estate investment trust's stock after purchasing an additional 472,125 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.61% of Terreno Realty worth $40,842,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Terreno Realty during the 3rd quarter valued at approximately $26,000. Assetmark Inc. increased its stake in Terreno Realty by 2,381.3% during the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 381 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Terreno Realty in the second quarter valued at $48,000. International Assets Investment Management LLC lifted its stake in shares of Terreno Realty by 6,580.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 987 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Terreno Realty by 58.2% during the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 438 shares during the period.
Terreno Realty Stock Down 2.1 %
NYSE TRNO traded down $1.29 during trading hours on Wednesday, hitting $59.26. 464,084 shares of the company were exchanged, compared to its average volume of 703,797. The company has a 50 day moving average of $62.58 and a two-hundred day moving average of $63.46. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.78 and a beta of 0.89. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63.
Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The firm had revenue of $99.64 million during the quarter, compared to analysts' expectations of $96.31 million. Equities research analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current year.
Terreno Realty Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.31%. Terreno Realty's payout ratio is currently 107.69%.
Analyst Ratings Changes
Several analysts recently issued reports on TRNO shares. Wolfe Research upgraded shares of Terreno Realty to a "hold" rating in a report on Sunday, September 22nd. Mizuho restated an "underperform" rating and issued a $62.00 price objective on shares of Terreno Realty in a report on Thursday, September 5th. Wells Fargo & Company lowered Terreno Realty from an "overweight" rating to an "equal weight" rating and boosted their target price for the company from $71.00 to $75.00 in a research report on Wednesday, August 28th. JMP Securities upped their price target on Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a research note on Tuesday, August 13th. Finally, Barclays dropped their price objective on Terreno Realty from $69.00 to $68.00 and set an "overweight" rating for the company in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $69.22.
View Our Latest Analysis 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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