Charles Schwab Investment Management Inc. Acquires 31,075 Shares of Terreno Realty Co. (NYSE:TRNO)

Charles Schwab Investment Management Inc. increased its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,193,153 shares of the real estate investment trust's stock after purchasing an additional 31,075 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.40% of Terreno Realty worth $74,775,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Alliance Wealth Advisors LLC UT boosted its holdings in shares of Terreno Realty by 3.3% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 6,304 shares of the real estate investment trust's stock worth $395,000 after buying an additional 200 shares during the last quarter. Raymond James Trust N.A. boosted its stake in 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 acquiring an additional 313 shares during the last quarter. Cornercap Investment Counsel Inc. grew its position in shares of 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 valued at $798,000 after acquiring an additional 380 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Terreno Realty by 337.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 408 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Terreno Realty by 84.2% in 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 period.

Terreno Realty Price Performance

NYSE:TRNO traded up $1.36 during trading hours on Wednesday, hitting $56.66. 1,436,589 shares of the company's stock traded hands, compared to its average volume of 705,162. Terreno Realty Co. has a 52 week low of $50.42 and a 52 week high of $66.63. The business's fifty day simple moving average is $59.99 and its two-hundred day simple moving average is $60.13. The company has a quick ratio of 10.17, a current ratio of 10.17 and a debt-to-equity ratio of 0.23. The firm has a market cap of $5.48 billion, a P/E ratio of 29.51, a P/E/G ratio of 2.53 and a beta of 0.85.

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 given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.18%. Terreno Realty's dividend payout ratio (DPR) is presently 93.75%.

Analysts Set New Price Targets

A number of research firms have issued reports on TRNO. JMP Securities reissued a "market outperform" rating and issued a $65.00 target price on shares of Terreno Realty in a research report on Monday. Scotiabank lifted their price objective on Terreno Realty from $64.00 to $66.00 and gave the stock a "sector perform" rating in a report on Monday, February 12th. Mizuho upped their price objective on shares of Terreno Realty from $52.00 to $62.00 and gave the company a "neutral" rating in a report on Tuesday, April 2nd. Barclays started coverage on shares of Terreno Realty in a research report on Wednesday, March 27th. They set an "overweight" rating and a $71.00 target price for the company. Finally, The Goldman Sachs Group lowered their price target on shares of Terreno Realty from $68.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Terreno Realty has an average rating of "Hold" and an average target price of $65.33.

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.