UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 645,563 shares of the real estate investment trust's stock after purchasing an additional 34,435 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.65% of Terreno Realty worth $38,179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Terreno Realty by 131.0% in the 3rd 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 last quarter. Janney Montgomery Scott LLC bought a new position in Terreno Realty in the fourth quarter worth approximately $444,000. Fifth Third Bancorp raised its holdings in shares of Terreno Realty by 7.4% in the fourth quarter. Fifth Third Bancorp now owns 6,436 shares of the real estate investment trust's stock valued at $381,000 after acquiring an additional 441 shares in the last quarter. Blue Trust Inc. raised 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 valued at $282,000 after purchasing an additional 1,697 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Terreno Realty by 40.7% during the 4th quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock worth $217,000 after purchasing an additional 1,059 shares during the last quarter.

Terreno Realty Price Performance

Shares of NYSE:TRNO traded up $0.26 during trading on Wednesday, reaching $56.52. The stock had a trading volume of 723,211 shares, compared to its average volume of 918,207. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. Terreno Realty Co. has a 1-year low of $48.18 and a 1-year high of $71.63. The stock has a market cap of $5.84 billion, a PE ratio of 29.44, a PEG ratio of 2.82 and a beta of 1.07. The business has a fifty day moving average price of $57.60 and a 200-day moving average price of $61.22.

Terreno Realty Dividend Announcement

The business also recently announced 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 3.47%. The ex-dividend date is Friday, June 27th. Terreno Realty's dividend payout ratio is currently 98.49%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TRNO shares. Wells Fargo & Company lowered 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 research note on Monday, May 19th. JMP Securities reissued a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. BMO Capital Markets increased their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Wall Street Zen raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Piper Sandler decreased their price objective on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $65.27.

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.