Jefferies Financial Group Inc. Buys 8,282 Shares of Terreno Realty Co. (NYSE:TRNO)

Jefferies Financial Group Inc. raised its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 83.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,252 shares of the real estate investment trust's stock after buying an additional 8,282 shares during the period. Jefferies Financial Group Inc.'s holdings in Terreno Realty were worth $1,079,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of 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 valued at $11,360,000 after buying an additional 96,380 shares during the period. Diversify Wealth Management LLC boosted its stake in shares of Terreno Realty by 48.0% during the 4th quarter. Diversify Wealth Management LLC now owns 7,341 shares of the real estate investment trust's stock valued at $425,000 after buying an additional 2,382 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Terreno Realty during the 4th quarter valued at $444,000. Fifth Third Bancorp boosted its stake in shares of Terreno Realty by 7.4% during the 4th quarter. Fifth Third Bancorp now owns 6,436 shares of the real estate investment trust's stock valued at $381,000 after buying an additional 441 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Terreno Realty by 55.3% during the 4th quarter. Blue Trust Inc. now owns 4,764 shares of the real estate investment trust's stock valued at $282,000 after buying an additional 1,697 shares during the period.

Terreno Realty Stock Performance

TRNO traded down $0.25 during trading on Monday, hitting $58.37. The stock had a trading volume of 176,150 shares, compared to its average volume of 917,224. The company has a 50 day simple moving average of $58.99 and a 200-day simple moving average of $61.43. Terreno Realty Co. has a 12 month low of $48.18 and a 12 month high of $71.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.03 billion, a PE ratio of 30.40, a P/E/G ratio of 2.82 and a beta of 1.07.

Terreno Realty Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, June 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.36%. Terreno Realty's payout ratio is 98.49%.

Analyst Ratings Changes

TRNO has been the subject of a number of research reports. JMP Securities reissued a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Scotiabank cut their price target on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. Wells Fargo & Company cut their price target on shares of Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating on the stock in a report on Monday. BMO Capital Markets raised their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $65.36.

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.