New York Life Investment Management LLC grew its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 651.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,103 shares of the real estate investment trust's stock after purchasing an additional 24,365 shares during the period. New York Life Investment Management LLC's holdings in Terreno Realty were worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Terreno Realty by 1.4% during the third quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust's stock valued at $677,009,000 after purchasing an additional 168,728 shares during the last quarter. FMR LLC lifted its stake in Terreno Realty by 10.3% during the third quarter. FMR LLC now owns 5,260,376 shares of the real estate investment trust's stock valued at $298,789,000 after buying an additional 493,182 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Terreno Realty by 0.9% in the third quarter. Principal Financial Group Inc. now owns 4,475,199 shares of the real estate investment trust's stock worth $254,189,000 after buying an additional 39,020 shares during the period. Invesco Ltd. increased its position in shares of Terreno Realty by 11.1% in the third quarter. Invesco Ltd. now owns 4,113,232 shares of the real estate investment trust's stock worth $233,632,000 after acquiring an additional 411,973 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Terreno Realty by 2.5% during the third quarter. Northern Trust Corp now owns 1,352,836 shares of the real estate investment trust's stock valued at $76,841,000 after acquiring an additional 32,391 shares during the period.
Terreno Realty Stock Performance
NYSE:TRNO traded up $0.80 during mid-day trading on Tuesday, hitting $54.90. 587,177 shares of the company's stock traded hands, compared to its average volume of 705,435. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 2.52 and a beta of 0.85. The firm has a 50 day moving average of $60.95 and a two-hundred day moving average of $60.00. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.28. Terreno Realty Co. has a 12 month low of $50.42 and a 12 month high of $66.63.
Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.10. Terreno Realty had a return on equity of 5.55% and a net margin of 46.76%. The company had revenue of $86.48 million during the quarter, compared to analysts' expectations of $84.06 million. On average, equities analysts forecast that Terreno Realty Co. will post 2.42 earnings per share for the current fiscal year.
Terreno Realty Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Thursday, March 28th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Wednesday, March 27th. Terreno Realty's dividend payout ratio (DPR) is presently 99.45%.
Analysts Set New Price Targets
TRNO has been the topic of several research analyst reports. Barclays began coverage on shares of Terreno Realty in a research report on Wednesday, March 27th. They set an "overweight" rating and a $71.00 price objective on the stock. StockNews.com raised Terreno Realty from a "sell" rating to a "hold" rating in a research note on Saturday, March 23rd. Mizuho lifted their target price on Terreno Realty from $52.00 to $62.00 and gave the company a "neutral" rating in a research note on Tuesday, April 2nd. Scotiabank increased their price target on shares of Terreno Realty from $64.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Monday, February 12th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price objective on shares of Terreno Realty in a research report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $67.11.
Read Our Latest Stock Analysis on Terreno Realty
Terreno Realty Company Profile
(
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.
Further Reading
Before you consider Terreno Realty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Terreno Realty wasn't on the list.
While Terreno Realty currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
