Victory Capital Management Inc. lifted its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 166.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,366 shares of the real estate investment trust's stock after acquiring an additional 25,865 shares during the quarter. Victory Capital Management Inc.'s holdings in Terreno Realty were worth $2,592,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new position in shares of Terreno Realty in the 4th quarter valued at $35,000. Blue Trust Inc. lifted 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 valued at $62,000 after buying an additional 452 shares during the last quarter. Dfpg Investments LLC bought a new stake in shares of Terreno Realty in the 4th quarter valued at about $200,000. Covestor Ltd grew its position in shares of Terreno Realty by 16.9% in the 3rd quarter. Covestor Ltd now owns 3,561 shares of the real estate investment trust's stock worth $202,000 after buying an additional 514 shares during the last quarter. Finally, Prudent Man Advisors LLC bought a new position in shares of Terreno Realty during the 3rd quarter worth approximately $204,000.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. Wedbush reaffirmed a "neutral" rating and issued a $57.00 price target (down from $67.00) on shares of Terreno Realty in a report on Tuesday. Mizuho lifted their target price on Terreno Realty from $52.00 to $62.00 and gave the stock a "neutral" rating in a report on Tuesday, April 2nd. Barclays started coverage on shares of Terreno Realty in a report on Wednesday, March 27th. They issued an "overweight" rating and a $71.00 price target on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price objective on shares of Terreno Realty in a report on Monday. Finally, Scotiabank decreased their target price on shares of Terreno Realty from $66.00 to $59.00 and set a "sector perform" rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $64.56.
Get Our Latest Analysis on TRNO
Terreno Realty Price Performance
Shares of Terreno Realty stock traded up $0.21 during trading hours on Friday, reaching $58.11. The stock had a trading volume of 742,458 shares, compared to its average volume of 715,431. Terreno Realty Co. has a twelve month low of $50.42 and a twelve month high of $66.63. The company has a current ratio of 10.17, a quick ratio of 10.17 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $5.62 billion, a PE ratio of 29.93, a PEG ratio of 2.62 and a beta of 0.85. The stock's 50 day moving average is $59.73 and its 200 day moving average is $60.09.
Terreno Realty Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 28th. This represents a $1.80 dividend on an annualized basis and a yield of 3.10%. Terreno Realty's dividend payout ratio is currently 93.75%.
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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