Vanguard Group Inc. Has $902.29 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Vanguard Group Inc. increased its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,256,900 shares of the real estate investment trust’s stock after purchasing an additional 1,484,301 shares during the period. Vanguard Group Inc. owned approximately 15.29% of Terreno Realty worth $902,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRNO. Manchester Capital Management LLC acquired a new position in shares of Terreno Realty during the 4th quarter worth about $27,000. Steward Partners Investment Advisory LLC boosted its stake in Terreno Realty by 176.1% during the 4th 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. Harvest Fund Management Co. Ltd acquired a new position in Terreno Realty during the fourth quarter valued at approximately $76,000. Los Angeles Capital Management LLC bought a new stake in Terreno Realty in the fourth quarter valued at approximately $202,000. Finally, Virtu Financial LLC acquired a new stake in Terreno Realty in the fourth quarter worth $205,000.

Analyst Ratings Changes

TRNO has been the topic of several research analyst reports. Barclays dropped their target price on shares of Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating on the stock in a report on Tuesday. The Goldman Sachs Group raised shares of Terreno Realty from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $77.00 in a research report on Friday, February 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Scotiabank lifted their price target on Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, February 28th. Finally, BMO Capital Markets upped their price objective on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $69.09.

Terreno Realty Stock Down 0.7 %

Shares of TRNO stock opened at $62.68 on Friday. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 2.82 and a beta of 0.93. The firm’s 50-day moving average is $66.11 and its 200-day moving average is $63.67.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data 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%. Sell-side analysts predict that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.13%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio is 102.08%.

Terreno Realty 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.