UBS Group AG Grows Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

UBS Group AG increased its stake in shares of Terreno Realty Co. (NYSE:TRNOFree Report) by 27.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,707 shares of the real estate investment trust’s stock after buying an additional 27,469 shares during the quarter. UBS Group AG owned about 0.15% of Terreno Realty worth $8,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT boosted its holdings in Terreno Realty by 3.3% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 6,304 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 200 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Terreno Realty by 5.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,546 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 269 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Terreno Realty by 6.9% in the 4th quarter. Raymond James Trust N.A. now owns 4,846 shares of the real estate investment trust’s stock valued at $304,000 after purchasing an additional 313 shares in the last quarter. Westpac Banking Corp boosted its holdings in Terreno Realty by 2.1% in the 4th quarter. Westpac Banking Corp now owns 15,616 shares of the real estate investment trust’s stock valued at $979,000 after purchasing an additional 323 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. boosted its holdings in Terreno Realty by 3.1% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 12,741 shares of the real estate investment trust’s stock valued at $798,000 after purchasing an additional 380 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on Terreno Realty from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, May 14th. Piper Sandler boosted their price target on Terreno Realty from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. JMP Securities reissued a “market outperform” rating and set a $65.00 price target on shares of Terreno Realty in a research note on Monday, May 13th. BNP Paribas assumed coverage on Terreno Realty in a research note on Tuesday. They set an “outperform” rating and a $68.00 price target on the stock. Finally, Scotiabank decreased their price target on Terreno Realty from $66.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.60.

View Our Latest Report on Terreno Realty

Terreno Realty Price Performance

TRNO stock opened at $56.21 on Wednesday. Terreno Realty Co. has a 1 year low of $50.42 and a 1 year high of $66.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 10.17 and a current ratio of 10.17. The stock’s 50 day moving average price is $57.86 and its 200 day moving average price is $60.34. The firm has a market cap of $5.44 billion, a P/E ratio of 29.28, a PEG ratio of 2.76 and a beta of 0.89.

Terreno Realty (NYSE:TRNOGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.18). Terreno Realty had a return on equity of 5.59% and a net margin of 49.12%. The business had revenue of $85.03 million for the quarter, compared to analysts’ expectations of $86.56 million. On average, sell-side analysts expect that Terreno Realty Co. will post 2.28 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

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

See Also

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.