Natixis Advisors LLC Grows Stake in Terreno Realty Corporation (NYSE:TRNO)

Key Points

• Natixis Advisors LLC increased its stake in Terreno Realty Corporation by 53.3%, owning 20,459 shares valued at approximately $1.29 million after purchasing an additional 7,112 shares in the first quarter.
• The company's quarterly dividend has risen from $0.49 to $0.52 per share, resulting in an annualized dividend of $2.08 and a yield of 3.9%.
• Terreno Realty's stock is currently rated as a "Hold" by analysts, with a consensus price target of $65.90.

Natixis Advisors LLC increased its position in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 53.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,459 shares of the real estate investment trust's stock after purchasing an additional 7,112 shares during the quarter. Natixis Advisors LLC's holdings in Terreno Realty were worth $1,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRNO. Deutsche Bank AG increased its holdings in shares of Terreno Realty by 287.6% during the fourth quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust's stock valued at $91,454,000 after acquiring an additional 1,147,404 shares in the last quarter. Northern Trust Corp raised its stake in shares of Terreno Realty by 51.6% in the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock worth $109,150,000 after purchasing an additional 628,065 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Terreno Realty during the fourth quarter valued at $25,805,000. Raymond James Financial Inc. purchased a new stake in Terreno Realty during the fourth quarter valued at $19,792,000. Finally, Ameriprise Financial Inc. increased its position in Terreno Realty by 269.2% during the fourth quarter. Ameriprise Financial Inc. now owns 293,038 shares of the real estate investment trust's stock valued at $17,331,000 after acquiring an additional 213,676 shares during the last quarter.

Terreno Realty Stock Performance

TRNO traded down $0.51 during midday trading on Thursday, reaching $54.05. The company had a trading volume of 276,905 shares, compared to its average volume of 920,700. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average of $56.87 and a two-hundred day moving average of $59.80. The company has a market cap of $5.58 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.30 and a beta of 1.02. Terreno Realty Corporation has a 1 year low of $48.18 and a 1 year high of $71.63.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be given a dividend of $0.52 per share. This is an increase from Terreno Realty's previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, September 29th. Terreno Realty's dividend payout ratio (DPR) is 77.78%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TRNO. Wells Fargo & Company set a $72.00 price objective on Terreno Realty in a research report on Sunday, July 13th. The Goldman Sachs Group set a $64.00 price objective on Terreno Realty and gave the company a "buy" rating in a research report on Tuesday. Wall Street Zen upgraded Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Barclays reduced their price objective on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $64.60.

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.