Northern Trust Corp Acquires 628,065 Shares of Terreno Realty Co. (NYSE:TRNO)

Northern Trust Corp grew its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 51.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,845,621 shares of the real estate investment trust's stock after acquiring an additional 628,065 shares during the period. Northern Trust Corp owned about 1.85% of Terreno Realty worth $109,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its holdings in Terreno Realty by 131.0% in the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock worth $11,360,000 after purchasing an additional 96,380 shares in the last quarter. KBC Group NV boosted its position in 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 valued at $217,000 after acquiring an additional 1,059 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Terreno Realty by 1.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust's stock worth $10,561,000 after acquiring an additional 2,755 shares during the period. New York State Teachers Retirement System bought a new position in shares of Terreno Realty in the 4th quarter worth approximately $1,342,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Terreno Realty during the fourth quarter valued at approximately $1,047,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TRNO shares. 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 research note on Wednesday, February 12th. Barclays cut their price target on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price target on the stock. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Finally, Scotiabank reduced their price objective on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $66.45.

Terreno Realty Trading Up 0.9 %

NYSE TRNO traded up $0.52 during trading on Friday, hitting $56.97. The stock had a trading volume of 302,256 shares, compared to its average volume of 915,197. Terreno Realty Co. has a one year low of $48.18 and a one year high of $71.63. The stock has a 50 day simple moving average of $60.17 and a 200 day simple moving average of $61.59. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 2.82 and a beta of 1.07. 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 (NYSE:TRNO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. Sell-side analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Friday, June 27th. Terreno Realty's payout ratio is 102.08%.

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.