CANADA LIFE ASSURANCE Co Raises Position in Terreno Realty Co. (NYSE:TRNO)

CANADA LIFE ASSURANCE Co boosted its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 69.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,493 shares of the real estate investment trust's stock after purchasing an additional 96,101 shares during the period. CANADA LIFE ASSURANCE Co owned 0.24% of Terreno Realty worth $13,869,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Manchester Capital Management LLC bought a new position in Terreno Realty during the 4th quarter worth $27,000. Steward Partners Investment Advisory LLC raised its position in shares of Terreno Realty by 176.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 361 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Terreno Realty by 94.6% in the fourth quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 370 shares during the period. FIL Ltd boosted its holdings in Terreno Realty by 45.3% in the fourth quarter. FIL Ltd now owns 1,213 shares of the real estate investment trust's stock valued at $72,000 after acquiring an additional 378 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Terreno Realty during the 4th quarter worth approximately $76,000.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Scotiabank lowered their price objective on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. Barclays cut their target price on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. JMP Securities reiterated a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $60.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Terreno Realty presently has an average rating of "Hold" and an average price target of $66.45.

Terreno Realty Stock Down 0.7 %

Terreno Realty stock traded down $0.39 during midday trading on Friday, hitting $56.63. 702,161 shares of the stock were exchanged, compared to its average volume of 903,781. Terreno Realty Co. has a 52-week low of $48.18 and a 52-week high of $71.63. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The business's 50-day moving average price is $62.07 and its 200-day moving average price is $62.05. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, research analysts expect that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The firm 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. This represents a $1.96 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Thursday, March 27th. Terreno Realty's dividend payout ratio is presently 102.08%.

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.