Bessemer Group Inc. Has $26.32 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Bessemer Group Inc. lifted its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 27.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,054 shares of the real estate investment trust's stock after acquiring an additional 96,974 shares during the period. Bessemer Group Inc. owned approximately 0.45% of Terreno Realty worth $26,322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TRNO. Raymond James Financial Inc. purchased a new stake in Terreno Realty during the fourth quarter valued at $19,792,000. Martingale Asset Management L P bought a new stake in shares of Terreno Realty during the 4th quarter valued at $386,000. Greenland Capital Management LP bought a new position in Terreno Realty in the 4th quarter worth $244,000. Renaissance Technologies LLC bought a new stake in Terreno Realty during the fourth quarter valued at about $1,047,000. Finally, FIL Ltd increased its position in Terreno Realty by 45.3% in the fourth quarter. FIL Ltd now owns 1,213 shares of the real estate investment trust's stock worth $72,000 after buying an additional 378 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. 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 price objective on the stock. JMP Securities restated a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. BMO Capital Markets boosted their target price on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. Finally, Barclays dropped their price objective on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $66.45.

Terreno Realty Trading Up 1.2 %

NYSE:TRNO traded up $0.67 on Wednesday, hitting $56.50. The stock had a trading volume of 360,929 shares, compared to its average volume of 942,477. Terreno Realty Co. has a 1-year low of $48.18 and a 1-year high of $71.63. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.82 and a beta of 1.00. 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 company has a fifty day moving average price of $63.67 and a two-hundred day moving average price of $62.50.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating 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%. Equities research 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 announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Thursday, March 27th. Terreno Realty's payout ratio is 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.