UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Stock Holdings in Terreno Realty Corporation $TRNO

Key Points

• UBS Asset Management increased its stake in Terreno Realty Corporation by 3.8% in Q1, owning approximately 0.65% of the company valued at $42.37 million as of the latest SEC filing.
• Terreno Realty announced a quarterly dividend increase to $0.52 per share, with a record date of September 29, reflecting a yield of 3.6%.
• Several analysts have recently provided mixed ratings for Terreno Realty, with the average target price set at $62.89 and a consensus rating of "Hold."

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 670,135 shares of the real estate investment trust's stock after purchasing an additional 24,572 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.65% of Terreno Realty worth $42,366,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TRNO. BNP Paribas Financial Markets increased its holdings in Terreno Realty by 8.5% during the 4th quarter. BNP Paribas Financial Markets now owns 22,246 shares of the real estate investment trust's stock worth $1,316,000 after purchasing an additional 1,745 shares in the last quarter. Cetera Investment Advisers grew its holdings in Terreno Realty by 9.9% during the fourth quarter. Cetera Investment Advisers now owns 4,235 shares of the real estate investment trust's stock worth $250,000 after purchasing an additional 383 shares during the period. Ethic Inc. bought a new position in Terreno Realty during the fourth quarter worth about $216,000. Janus Henderson Group PLC grew its holdings in Terreno Realty by 23.2% during the fourth quarter. Janus Henderson Group PLC now owns 64,964 shares of the real estate investment trust's stock worth $3,843,000 after purchasing an additional 12,231 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Terreno Realty by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,397 shares of the real estate investment trust's stock worth $3,217,000 after purchasing an additional 2,102 shares during the period.

Terreno Realty Price Performance

Shares of Terreno Realty stock traded down $0.09 on Friday, hitting $58.52. 1,637,274 shares of the company traded hands, compared to its average volume of 717,976. The firm's 50-day simple moving average is $56.59 and its 200 day simple moving average is $58.03. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The company has a market cap of $6.05 billion, a P/E ratio of 23.22, a P/E/G ratio of 2.50 and a beta of 1.06. Terreno Realty Corporation has a 12-month low of $48.18 and a 12-month high of $69.82.

Terreno Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, September 29th. This is a positive change from Terreno Realty's previous quarterly dividend of $0.49. Terreno Realty's payout ratio is presently 77.78%.

Insider Buying and Selling at Terreno Realty

In related news, President Michael A. Coke sold 10,000 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $53.96, for a total transaction of $539,600.00. Following the sale, the president owned 412,415 shares of the company's stock, valued at $22,253,913.40. The trade was a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.40% of the company's stock.

Wall Street Analyst Weigh In

TRNO has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on Terreno Realty from $63.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Piper Sandler lifted their price target on shares of Terreno Realty from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday. The Goldman Sachs Group set a $64.00 price target on shares of Terreno Realty and gave the company a "buy" rating in a research report on Tuesday, August 12th. Barclays lifted their price objective on shares of Terreno Realty from $56.00 to $57.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, KeyCorp lowered their price target on shares of Terreno Realty from $70.00 to $64.00 and set an "overweight" rating for the company in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.00.

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.