Asset Management One Co. Ltd. Acquires 5,454 Shares of Terreno Realty Corporation (NYSE:TRNO)

Asset Management One Co. Ltd. lifted its stake in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 3.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,214 shares of the real estate investment trust's stock after purchasing an additional 5,454 shares during the period. Asset Management One Co. Ltd. owned approximately 0.18% of Terreno Realty worth $11,646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Terreno Realty by 10.8% during the 4th quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock worth $902,293,000 after buying an additional 1,484,301 shares during the period. Deutsche Bank AG lifted its position in shares of Terreno Realty by 287.6% in the 4th 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. Norges Bank acquired a new position in Terreno Realty in the 4th quarter worth approximately $58,818,000. FMR LLC boosted its stake in Terreno Realty by 5.9% in the 4th quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust's stock worth $663,987,000 after purchasing an additional 628,116 shares during the period. Finally, Northern Trust Corp grew its position in Terreno Realty by 51.6% during the 4th 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 in the last quarter.

Terreno Realty Stock Performance

TRNO traded down $0.01 during trading on Monday, hitting $56.11. The stock had a trading volume of 1,076,004 shares, compared to its average volume of 938,363. The firm has a market cap of $5.80 billion, a PE ratio of 28.20, a P/E/G ratio of 2.39 and a beta of 1.07. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.20. Terreno Realty Corporation has a 12 month low of $48.18 and a 12 month high of $71.63. The company has a 50 day simple moving average of $57.37 and a 200-day simple moving average of $60.72.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.49%. Terreno Realty's dividend payout ratio is currently 98.49%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TRNO. Piper Sandler lowered their price target on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company reduced 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 report on Monday, May 19th. Wall Street Zen upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Scotiabank dropped their price objective on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. Finally, Barclays cut their target price on shares of 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 analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $65.00.

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.