Congress Asset Management Co. Has $32.34 Million Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Congress Asset Management Co. raised its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 13.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 511,460 shares of the real estate investment trust's stock after purchasing an additional 62,367 shares during the period. Congress Asset Management Co. owned approximately 0.50% of Terreno Realty worth $32,335,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TRNO. Mariner LLC increased its position in shares of Terreno Realty by 3.7% during the fourth quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust's stock worth $264,000 after acquiring an additional 161 shares in the last quarter. First Trust Advisors LP increased its position in shares of Terreno Realty by 0.9% during the fourth quarter. First Trust Advisors LP now owns 30,612 shares of the real estate investment trust's stock worth $1,810,000 after acquiring an additional 271 shares in the last quarter. Arizona State Retirement System increased its position in shares of Terreno Realty by 1.0% during the fourth quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock worth $1,663,000 after acquiring an additional 276 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Terreno Realty by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,994 shares of the real estate investment trust's stock worth $591,000 after acquiring an additional 316 shares in the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of Terreno Realty by 3.5% during the first quarter. Moody National Bank Trust Division now owns 10,151 shares of the real estate investment trust's stock worth $642,000 after acquiring an additional 343 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of 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 report on Friday, February 21st. JMP Securities reaffirmed a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. Scotiabank decreased their target price on shares of 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. BMO Capital Markets increased their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price target on shares of Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Terreno Realty currently has a consensus rating of "Hold" and a consensus target price of $65.00.

Terreno Realty Price Performance

Shares of NYSE:TRNO traded up $1.12 during midday trading on Friday, hitting $59.05. The stock had a trading volume of 935,302 shares, compared to its average volume of 924,199. The company's 50-day moving average price is $56.64 and its 200-day moving average price is $61.01. The company has a market capitalization of $6.10 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a fifty-two week low of $48.18 and a fifty-two week high of $71.63.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Friday, June 27th. Terreno Realty's dividend payout ratio is 98.49%.

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.