Terreno Realty Corporation (NYSE:TRNO) Stake Raised by Invesco Ltd.

Invesco Ltd. increased its holdings in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,930,096 shares of the real estate investment trust's stock after acquiring an additional 95,714 shares during the period. Invesco Ltd. owned about 1.87% of Terreno Realty worth $122,021,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its stake in shares of Terreno Realty by 4.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,145,502 shares of the real estate investment trust's stock worth $304,305,000 after purchasing an additional 210,696 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Terreno Realty by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,884,086 shares of the real estate investment trust's stock worth $119,112,000 after purchasing an additional 45,583 shares in the last quarter. Northern Trust Corp raised its stake in shares of 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. Deutsche Bank AG raised its stake in shares of Terreno Realty by 287.6% during the 4th quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust's stock worth $91,454,000 after purchasing an additional 1,147,404 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Terreno Realty by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,436,210 shares of the real estate investment trust's stock worth $84,938,000 after purchasing an additional 38,775 shares in the last quarter.

Terreno Realty Stock Down 0.8%

Shares of TRNO stock opened at $54.14 on Friday. The stock's 50 day simple moving average is $56.79 and its 200 day simple moving average is $59.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.75. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $71.63. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 2.32 and a beta of 1.02.

Terreno Realty Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group set a $64.00 price target on Terreno Realty and gave the stock a "buy" rating in a research note on Tuesday. Wells Fargo & Company set a $72.00 price target on Terreno Realty in a research note on Sunday, July 13th. Wall Street Zen raised Terreno Realty from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, Barclays cut their price objective on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 27th. One research 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 MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $64.60.

Insider Buying and Selling

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of Terreno Realty stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $53.96, for a total value of $539,600.00. Following the transaction, the president directly owned 412,415 shares of the company's stock, valued at $22,253,913.40. The trade was a 2.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding TRNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terreno Realty Corporation (NYSE:TRNO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.