ProShare Advisors LLC Boosts Holdings in Terreno Realty Co. (NYSE:TRNO)

ProShare Advisors LLC grew its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 32.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 158,393 shares of the real estate investment trust's stock after purchasing an additional 38,861 shares during the period. ProShare Advisors LLC owned approximately 0.16% of Terreno Realty worth $9,367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in shares of Terreno Realty by 131.0% in the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock valued at $11,360,000 after purchasing an additional 96,380 shares during the period. Diversify Wealth Management LLC lifted its position in shares of Terreno Realty by 48.0% during the 4th quarter. Diversify Wealth Management LLC now owns 7,341 shares of the real estate investment trust's stock valued at $425,000 after acquiring an additional 2,382 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Terreno Realty during the 4th quarter valued at approximately $444,000. Fifth Third Bancorp boosted its stake in shares of Terreno Realty by 7.4% during the 4th quarter. Fifth Third Bancorp now owns 6,436 shares of the real estate investment trust's stock worth $381,000 after acquiring an additional 441 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Terreno Realty by 55.3% in the 4th quarter. Blue Trust Inc. now owns 4,764 shares of the real estate investment trust's stock worth $282,000 after acquiring an additional 1,697 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TRNO shares. Barclays reduced their price objective on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Wells Fargo & Company decreased their price objective on shares of Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Monday. Wall Street Zen raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a research note on Tuesday. Scotiabank cut 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. Finally, BMO Capital Markets upped their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. One equities 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 company's stock. According to data from MarketBeat, Terreno Realty presently has a consensus rating of "Hold" and a consensus target price of $65.36.

Terreno Realty Trading Down 1.4%

Shares of Terreno Realty stock traded down $0.78 during mid-day trading on Friday, hitting $54.79. 147,906 shares of the stock were exchanged, compared to its average volume of 917,081. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. Terreno Realty Co. has a twelve month low of $48.18 and a twelve month high of $71.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The company has a 50-day simple moving average of $58.23 and a 200 day simple moving average of $61.32.

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 dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, June 27th. Terreno Realty's dividend payout ratio (DPR) is 98.49%.

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.