Jane Street Group LLC Grows Stock Position in Terreno Realty Co. (NYSE:TRNO)

Jane Street Group LLC increased its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 89.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,212 shares of the real estate investment trust's stock after buying an additional 50,592 shares during the quarter. Jane Street Group LLC owned 0.11% of Terreno Realty worth $6,341,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TRNO. Barclays PLC boosted its stake in shares of Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock worth $11,360,000 after acquiring an additional 96,380 shares during the last quarter. KBC Group NV grew its holdings in Terreno Realty by 40.7% during the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock valued at $217,000 after purchasing an additional 1,059 shares during the period. Asset Management One Co. Ltd. increased its position in Terreno Realty by 1.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust's stock worth $10,561,000 after buying an additional 2,755 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Terreno Realty in the fourth quarter worth about $1,342,000. Finally, Renaissance Technologies LLC bought a new position in shares of Terreno Realty in the fourth quarter worth about $1,047,000.

Analysts Set New Price Targets

Several research firms recently issued reports on TRNO. Barclays reduced their target price on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. JMP Securities restated a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. BMO Capital Markets lifted their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. StockNews.com upgraded Terreno Realty from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective on the stock. One investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $66.45.

Terreno Realty Stock Up 1.2 %

NYSE TRNO opened at $57.13 on Friday. The stock has a 50 day moving average price of $59.96 and a 200-day moving average price of $61.55. Terreno Realty Co. has a one year low of $48.18 and a one year high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $5.89 billion, a P/E ratio of 29.76, a P/E/G ratio of 2.82 and a beta of 1.07.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. As a group, equities analysts predict that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, June 27th. This represents a $1.96 annualized dividend and a yield of 3.43%. Terreno Realty's payout ratio is currently 102.08%.

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.

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