Deutsche Bank AG Grows Stake in Terreno Realty Co. (NYSE:TRNO)

Deutsche Bank AG boosted its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 287.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,546,406 shares of the real estate investment trust's stock after purchasing an additional 1,147,404 shares during the period. Deutsche Bank AG owned 1.55% of Terreno Realty worth $91,454,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRNO. Manchester Capital Management LLC bought a new stake in Terreno Realty during the fourth quarter worth about $27,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Terreno Realty by 176.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 361 shares in the last quarter. Quarry LP lifted its stake in shares of Terreno Realty by 613.7% in the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 626 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Terreno Realty by 94.6% in the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 370 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in shares of Terreno Realty in the 4th quarter valued at $71,000.

Analyst Ratings Changes

TRNO has been the subject of a number of recent analyst reports. JMP Securities reiterated 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 boosted their target price for the company from $65.00 to $77.00 in a report on Friday, February 21st. BMO Capital Markets upped their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Piper Sandler cut their target price on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Scotiabank lowered their price target on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $66.45.

Terreno Realty Trading Up 1.2%

Shares of TRNO stock traded up $0.67 on Thursday, hitting $58.24. The stock had a trading volume of 634,040 shares, compared to its average volume of 925,531. 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 firm has a market capitalization of $6.00 billion, a P/E ratio of 30.33, a P/E/G ratio of 2.82 and a beta of 1.07. Terreno Realty Co. has a 1 year low of $48.18 and a 1 year high of $71.63. The company's 50 day moving average price is $59.37 and its 200-day moving average price is $61.47.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.37%. Terreno Realty's payout ratio is currently 102.08%.

Terreno Realty Company 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.