Terreno Realty Co. (NYSE:TRNO) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in shares of Terreno Realty Co. (NYSE:TRNO) by 22.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,865 shares of the real estate investment trust’s stock after acquiring an additional 4,318 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Terreno Realty were worth $1,503,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Terreno Realty by 1.4% in the third quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock valued at $677,009,000 after purchasing an additional 168,728 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Terreno Realty by 7.1% in the first quarter. BlackRock Inc. now owns 8,279,766 shares of the real estate investment trust’s stock valued at $534,873,000 after purchasing an additional 549,823 shares during the last quarter. FMR LLC increased its holdings in shares of Terreno Realty by 10.3% in the third quarter. FMR LLC now owns 5,260,376 shares of the real estate investment trust’s stock valued at $298,789,000 after purchasing an additional 493,182 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Terreno Realty by 0.9% in the third quarter. Principal Financial Group Inc. now owns 4,475,199 shares of the real estate investment trust’s stock valued at $254,189,000 after purchasing an additional 39,020 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Terreno Realty by 5.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,323,645 shares of the real estate investment trust’s stock valued at $245,886,000 after purchasing an additional 217,579 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wedbush reaffirmed a “neutral” rating and issued a $67.00 price target on shares of Terreno Realty in a report on Thursday, March 28th. JMP Securities reissued a “market outperform” rating and set a $65.00 target price on shares of Terreno Realty in a research note on Thursday, March 28th. The Goldman Sachs Group raised their target price on Terreno Realty from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Mizuho raised their target price on Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Scotiabank raised their target price on Terreno Realty from $64.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.11.

Terreno Realty Trading Down 1.2 %

TRNO opened at $60.78 on Monday. Terreno Realty Co. has a 52 week low of $50.42 and a 52 week high of $66.63. The business has a fifty day simple moving average of $63.35 and a 200-day simple moving average of $60.06. The firm has a market cap of $5.87 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.80 and a beta of 0.81. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.28.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.58 by $0.10. Terreno Realty had a return on equity of 5.55% and a net margin of 46.76%. The business had revenue of $86.48 million during the quarter, compared to analyst estimates of $84.06 million. On average, equities analysts expect that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Thursday, March 28th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.96%. Terreno Realty’s dividend payout ratio (DPR) is presently 99.45%.

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.