Howland Capital Management LLC lifted its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 31.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,383 shares of the real estate investment trust's stock after purchasing an additional 18,660 shares during the period. Howland Capital Management LLC owned 0.09% of Terreno Realty worth $4,943,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in Terreno Realty in the 1st quarter valued at about $28,000. Ronald Blue Trust Inc. increased its position in shares of Terreno Realty by 93.9% during the third quarter. Ronald Blue Trust Inc. now owns 537 shares of the real estate investment trust's stock worth $32,000 after buying an additional 260 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Terreno Realty during the fourth quarter worth $35,000. Pinebridge Investments L.P. acquired a new stake in shares of Terreno Realty during the second quarter worth $49,000. Finally, Blue Trust Inc. increased its position in shares of Terreno Realty by 84.2% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust's stock worth $62,000 after buying an additional 452 shares during the period.
Analyst Ratings Changes
TRNO has been the topic of several research analyst reports. Mizuho increased their target price on shares of Terreno Realty from $52.00 to $62.00 and gave the stock a "neutral" rating in a research note on Tuesday. Wells Fargo & Company initiated coverage on shares of Terreno Realty in a research note on Thursday, December 7th. They set an "overweight" rating and a $71.00 target price on the stock. Barclays initiated coverage on shares of Terreno Realty in a research note on Wednesday, March 27th. They set an "overweight" rating and a $71.00 target price on the stock. The Goldman Sachs Group raised their price objective on shares of Terreno Realty from $60.00 to $66.00 and gave the company a "neutral" rating in a research note on Thursday, January 11th. Finally, Scotiabank raised their price objective on shares of Terreno Realty from $64.00 to $66.00 and gave the company a "sector perform" rating in a research note on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Terreno Realty presently has an average rating of "Hold" and a consensus target price of $67.11.
Read Our Latest Analysis on Terreno Realty
Terreno Realty Stock Performance
NYSE TRNO traded up $0.42 during trading hours on Thursday, reaching $62.93. 551,223 shares of the company were exchanged, compared to its average volume of 697,856. Terreno Realty Co. has a 1 year low of $50.42 and a 1 year high of $66.63. The business's 50 day simple moving average is $63.07 and its 200-day simple moving average is $59.87. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $6.07 billion, a P/E ratio of 34.77, a P/E/G ratio of 2.90 and a beta of 0.81.
Terreno Realty (NYSE:TRNO - Get Free Report) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.10. The firm had revenue of $86.48 million during the quarter, compared to the consensus estimate of $84.06 million. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. On average, equities research analysts expect that Terreno Realty Co. will post 2.41 earnings per share for the current year.
Terreno Realty Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Thursday, March 28th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.86%. Terreno Realty's payout ratio is 99.45%.
About Terreno Realty
(
Free Report)
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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