Terreno Realty Co. (NYSE:TRNO) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in Terreno Realty Co. (NYSE:TRNOFree Report) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,817 shares of the real estate investment trust’s stock after acquiring an additional 1,023 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Terreno Realty were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of TRNO. FMR LLC lifted its holdings in Terreno Realty by 10.3% in the 3rd quarter. FMR LLC now owns 5,260,376 shares of the real estate investment trust’s stock valued at $298,789,000 after acquiring an additional 493,182 shares during the last quarter. Invesco Ltd. raised its holdings in Terreno Realty by 11.1% during the 3rd quarter. Invesco Ltd. now owns 4,113,232 shares of the real estate investment trust’s stock worth $233,632,000 after buying an additional 411,973 shares during the period. Tandem Investment Advisors Inc. raised its holdings in Terreno Realty by 40.2% during the 4th quarter. Tandem Investment Advisors Inc. now owns 977,150 shares of the real estate investment trust’s stock worth $61,238,000 after buying an additional 280,109 shares during the period. Vanguard Group Inc. raised its holdings in Terreno Realty by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock worth $677,009,000 after buying an additional 168,728 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Terreno Realty by 13.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,078 shares of the real estate investment trust’s stock worth $66,006,000 after buying an additional 133,251 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TRNO. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. JMP Securities reiterated a “market outperform” rating and issued a $65.00 target price on shares of Terreno Realty in a report on Monday, May 13th. The Goldman Sachs Group dropped their target price on Terreno Realty from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, May 14th. Mizuho upped their target price on Terreno Realty from $52.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, Wedbush reiterated a “neutral” rating and issued a $57.00 target price (down previously from $67.00) on shares of Terreno Realty in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty currently has an average rating of “Hold” and an average price target of $64.60.

Check Out Our Latest Stock Analysis on Terreno Realty

Terreno Realty Trading Up 0.7 %

NYSE:TRNO opened at $56.21 on Wednesday. The stock’s 50 day moving average price is $57.86 and its 200 day moving average price is $60.34. Terreno Realty Co. has a 52 week low of $50.42 and a 52 week high of $66.63. The company has a market capitalization of $5.44 billion, a P/E ratio of 29.28, a P/E/G ratio of 2.76 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 10.17 and a current ratio of 10.17.

Terreno Realty (NYSE:TRNOGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.18). The firm had revenue of $85.03 million during the quarter, compared to analyst estimates of $86.56 million. Terreno Realty had a return on equity of 5.59% and a net margin of 49.12%. On average, research analysts forecast that Terreno Realty Co. will post 2.28 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.80 dividend on an annualized basis and a yield of 3.20%. Terreno Realty’s payout ratio is currently 93.75%.

Terreno Realty Profile

(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.

Recommended Stories

Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.