American Century Companies Inc. Lowers Position in Terreno Realty Corporation $TRNO

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

American Century Companies Inc. trimmed its holdings in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 14.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,607,872 shares of the real estate investment trust's stock after selling 267,601 shares during the period. American Century Companies Inc. owned approximately 1.56% of Terreno Realty worth $101,650,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. boosted its holdings 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 buying an additional 210,696 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Terreno Realty by 5.2% during the 1st quarter. Invesco Ltd. now owns 1,930,096 shares of the real estate investment trust's stock worth $122,021,000 after buying an additional 95,714 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 buying an additional 45,583 shares in the last quarter. Northern Trust Corp boosted its holdings 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 buying an additional 628,065 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings 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 buying an additional 1,147,404 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. KeyCorp lowered their target price on Terreno Realty from $70.00 to $64.00 and set an "overweight" rating on the stock in a research report on Thursday. Wells Fargo & Company set a $72.00 target price on Terreno Realty in a research report on Sunday, July 13th. Barclays lowered their target price on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 27th. Finally, The Goldman Sachs Group set a $64.00 target price on Terreno Realty and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Terreno Realty currently has an average rating of "Hold" and an average price target of $64.00.

Insider Buying and Selling

In related news, President Michael A. Coke sold 10,000 shares of the stock in a transaction 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 completion of the sale, the president directly owned 412,415 shares of the company's stock, valued at approximately $22,253,913.40. This represents a 2.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company's stock.

Terreno Realty Stock Down 0.7%

NYSE TRNO traded down $0.39 on Thursday, reaching $55.25. The company had a trading volume of 798,537 shares, compared to its average volume of 919,031. The stock has a market capitalization of $5.71 billion, a P/E ratio of 21.92, a P/E/G ratio of 2.37 and a beta of 1.02. The company's fifty day moving average is $56.41 and its 200 day moving average is $59.42. Terreno Realty Corporation has a 52-week low of $48.18 and a 52-week high of $71.63. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20.

Terreno Realty Increases Dividend

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

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.