Price T Rowe Associates Inc. MD cut its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 15.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,634,804 shares of the real estate investment trust's stock after selling 657,076 shares during the quarter. Price T Rowe Associates Inc. MD owned about 3.64% of Terreno Realty worth $214,964,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Terreno Realty by 131.0% in the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock worth $11,360,000 after purchasing an additional 96,380 shares in the last quarter. KBC Group NV lifted its position in Terreno Realty by 40.7% during the 4th quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock worth $217,000 after buying an additional 1,059 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Terreno Realty by 1.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust's stock worth $10,561,000 after buying an additional 2,755 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Terreno Realty during the 4th quarter worth about $1,342,000. Finally, Tidal Investments LLC grew its holdings in shares of Terreno Realty by 15.9% in the 3rd quarter. Tidal Investments LLC now owns 61,852 shares of the real estate investment trust's stock valued at $4,134,000 after acquiring an additional 8,490 shares in the last quarter.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. JMP Securities reissued a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and raised their target price for the company from $65.00 to $77.00 in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $60.00 target price on the stock. BMO Capital Markets increased their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Finally, Barclays lowered their price objective on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $66.45.
Get Our Latest Analysis on Terreno Realty
Terreno Realty Stock Performance
TRNO stock traded down $0.03 during trading hours on Thursday, hitting $56.30. 262,526 shares of the stock were exchanged, compared to its average volume of 905,432. Terreno Realty Co. has a 12 month low of $48.18 and a 12 month high of $71.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $5.80 billion, a P/E ratio of 29.32, a P/E/G ratio of 2.82 and a beta of 1.00. The company has a 50-day simple moving average of $61.45 and a two-hundred day simple moving average of $61.92.
Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. On average, analysts forecast that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.
Terreno Realty Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.48%. Terreno Realty's payout ratio is 102.08%.
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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