Terreno Realty Co. (NYSE:TRNO) Stock Holdings Decreased by Invesco Ltd.

Invesco Ltd. lessened its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 57.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,834,382 shares of the real estate investment trust's stock after selling 2,484,966 shares during the quarter. Invesco Ltd. owned 1.84% of Terreno Realty worth $108,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Terreno Realty by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock worth $902,293,000 after buying an additional 1,484,301 shares in the last quarter. FMR LLC grew its holdings in Terreno Realty by 5.9% during the 4th quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust's stock worth $663,987,000 after acquiring an additional 628,116 shares in the last quarter. Geode Capital Management LLC grew its holdings in Terreno Realty by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust's stock worth $144,031,000 after acquiring an additional 19,900 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Terreno Realty by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust's stock valued at $108,729,000 after purchasing an additional 110,610 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Terreno Realty by 1.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,288,168 shares of the real estate investment trust's stock worth $76,183,000 after purchasing an additional 14,995 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective for the company. Barclays dropped their price target 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. BMO Capital Markets increased their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Scotiabank decreased their price target on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. Finally, JMP Securities reiterated a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $66.45.

Terreno Realty Stock Performance

TRNO stock traded up $0.92 on Friday, reaching $57.65. The company's stock had a trading volume of 1,072,632 shares, compared to its average volume of 900,333. Terreno Realty Co. has a 52 week low of $48.18 and a 52 week high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $5.94 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. The firm has a fifty day moving average of $63.27 and a two-hundred day moving average of $62.39.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping 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%. As a group, analysts predict 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. Investors of record on Thursday, March 27th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Thursday, March 27th. Terreno Realty's payout ratio is 102.08%.

Terreno Realty Company Profile

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.