Jefferies Financial Group Inc. Buys 8,282 Shares of Terreno Realty Co. (NYSE:TRNO)

Jefferies Financial Group Inc. increased its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 83.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,252 shares of the real estate investment trust's stock after acquiring an additional 8,282 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Terreno Realty were worth $1,079,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC purchased a new stake in Terreno Realty in the 4th quarter worth about $27,000. Steward Partners Investment Advisory LLC increased its holdings in 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 worth $33,000 after acquiring an additional 361 shares during the last quarter. Quarry LP grew its holdings in Terreno Realty by 613.7% during the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 626 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Terreno Realty by 94.6% during the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 370 shares in the last quarter. Finally, State of Tennessee Department of Treasury purchased a new position in Terreno Realty during the 4th quarter valued at about $71,000.

Wall Street Analyst Weigh In

TRNO has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and lifted their target price for the company from $65.00 to $77.00 in a report on Friday, February 21st. BMO Capital Markets boosted their price objective on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Barclays cut their price objective on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, May 27th. Wells Fargo & Company cut their price objective on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Finally, Scotiabank cut 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $65.27.

Terreno Realty Price Performance

TRNO traded up $0.13 during midday trading on Monday, hitting $56.55. The stock had a trading volume of 722,822 shares, compared to its average volume of 915,153. The company has a market cap of $5.84 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. The business has a fifty day moving average of $57.06 and a 200 day moving average of $61.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. Terreno Realty Co. has a 1 year low of $48.18 and a 1 year high of $71.63.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, June 27th. Terreno Realty's dividend payout ratio is currently 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.