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

Asset Management One Co. Ltd. increased its stake in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 3.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Terreno Realty by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock valued at $902,293,000 after buying an additional 1,484,301 shares during the last quarter. Deutsche Bank AG increased its holdings in 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 buying an additional 1,147,404 shares during the last quarter. Norges Bank purchased a new stake in Terreno Realty during the fourth quarter valued at approximately $58,818,000. FMR LLC increased its holdings in Terreno Realty by 5.9% during the fourth quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust's stock valued at $663,987,000 after buying an additional 628,116 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Terreno Realty by 51.6% during the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock valued at $109,150,000 after buying an additional 628,065 shares during the last quarter.

Terreno Realty Price Performance

Shares of NYSE TRNO traded down $0.29 during midday trading on Friday, reaching $56.21. The stock had a trading volume of 2,062,541 shares, compared to its average volume of 941,914. The stock has a 50-day moving average of $57.40 and a 200-day moving average of $60.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. Terreno Realty Corporation has a 12-month low of $48.18 and a 12-month high of $71.63.

Terreno Realty Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.49%. Terreno Realty's dividend payout ratio is 98.49%.

Analysts Set New Price Targets

A number of brokerages have commented on TRNO. Scotiabank reduced 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 report on Monday, April 7th. Wells Fargo & Company reduced their target price on shares of Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Wall Street Zen raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Barclays reduced 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 report on Tuesday, May 27th. Finally, Piper Sandler reduced their target price on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $65.00.

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.