UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Stake in Terreno Realty Corporation $TRNO

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Terreno Realty Corporation (NYSE:TRNO) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 670,135 shares of the real estate investment trust’s stock after acquiring an additional 24,572 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.65% of Terreno Realty worth $42,366,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Norinchukin Bank The lifted its stake in Terreno Realty by 4.5% in the first quarter. Norinchukin Bank The now owns 4,606 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 197 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Terreno Realty by 0.9% in the first quarter. New York State Teachers Retirement System now owns 22,900 shares of the real estate investment trust’s stock worth $1,448,000 after acquiring an additional 200 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in Terreno Realty by 2.2% in the first quarter. Alliance Wealth Advisors LLC UT now owns 9,297 shares of the real estate investment trust’s stock worth $588,000 after acquiring an additional 200 shares during the last quarter. Cetera Investment Advisers lifted its stake in Terreno Realty by 5.0% in the first quarter. Cetera Investment Advisers now owns 4,448 shares of the real estate investment trust’s stock worth $281,000 after acquiring an additional 213 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Terreno Realty by 0.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,057 shares of the real estate investment trust’s stock worth $4,050,000 after acquiring an additional 250 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. KeyCorp reduced their price objective on shares of Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, August 21st. The Goldman Sachs Group set a $64.00 price objective on shares of Terreno Realty and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, May 20th. Barclays reduced their price objective on shares of Terreno Realty from $57.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 27th. Finally, Wells Fargo & Company reduced their price objective on shares of Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Terreno Realty currently has an average rating of “Hold” and an average target price of $62.89.

Terreno Realty Stock Down 0.2%

Shares of Terreno Realty stock opened at $58.58 on Monday. The company has a market cap of $6.05 billion, a P/E ratio of 23.24, a PEG ratio of 2.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.75. Terreno Realty Corporation has a one year low of $48.18 and a one year high of $70.10. The firm has a fifty day moving average of $56.46 and a two-hundred day moving average of $58.22.

Terreno Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, September 29th. This is an increase from Terreno Realty’s previous quarterly dividend of $0.49. Terreno Realty’s payout ratio is currently 77.78%.

Insider Buying and Selling

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $53.96, for a total transaction of $539,600.00. Following the completion of the transaction, the president owned 412,415 shares in the company, valued at approximately $22,253,913.40. This represents a 2.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

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.