NYSE:TRNO - Free Report ) by 13.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,982 shares of the real estate investment trust's stock after selling 13,934 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Terreno Realty worth $5,451,000 at the end of the most recent reporting period.
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A number of other hedge funds have also recently bought and sold shares of the stock. Raymond James Trust N.A. lifted its position in shares of Terreno Realty by 6.9% in the fourth quarter. Raymond James Trust N.A. now owns 4,846 shares of the real estate investment trust's stock valued at $304,000 after buying an additional 313 shares during the last quarter. Cornercap Investment Counsel Inc. lifted its holdings in Terreno Realty by 3.1% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 12,741 shares of the real estate investment trust's stock worth $798,000 after purchasing an additional 380 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its holdings in Terreno Realty by 7.2% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 6,104 shares of the real estate investment trust's stock worth $347,000 after purchasing an additional 410 shares during the last quarter. Blue Trust Inc. lifted its holdings in Terreno Realty by 84.2% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 452 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Terreno Realty by 2.0% during the 3rd quarter. Arizona State Retirement System now owns 23,706 shares of the real estate investment trust's stock worth $1,347,000 after purchasing an additional 455 shares during the last quarter.
Analyst Upgrades and Downgrades TRNO has been the subject of several research reports. JMP Securities reissued a "market outperform" rating and set a $65.00 price target on shares of Terreno Realty in a report on Thursday, March 28th. The Goldman Sachs Group lifted their price target on Terreno Realty from $60.00 to $66.00 and gave the stock a "neutral" rating in a report on Thursday, January 11th. Barclays assumed coverage on Terreno Realty in a report on Wednesday, March 27th. They issued an "overweight" rating and a $71.00 price objective for the company. Mizuho lifted their price objective on Terreno Realty from $52.00 to $62.00 and gave the company a "neutral" rating in a report on Tuesday, April 2nd. Finally, StockNews.com raised Terreno Realty from a "sell" rating to a "hold" rating in a report on Saturday, March 23rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Terreno Realty presently has an average rating of "Hold" and a consensus price target of $67.11.
Check Out Our Latest Research Report on TRNO
Terreno Realty Price Performance Shares of TRNO traded up $0.07 during midday trading on Friday, hitting $55.08. The company's stock had a trading volume of 466,901 shares, compared to its average volume of 749,242. Terreno Realty Co. has a one year low of $50.42 and a one year high of $66.63. The company's fifty day simple moving average is $60.37 and its two-hundred day simple moving average is $59.95. 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 $5.32 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 2.49 and a beta of 0.85.
Terreno Realty (NYSE:TRNO - Get Free Report ) last issued its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $84.06 million. As a group, equities analysts expect that Terreno Realty Co. will post 2.42 earnings per share for the current fiscal year.
Terreno Realty Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.45 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 3.27%. Terreno Realty's payout ratio is 99.45%.
Terreno Realty 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.
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