Price T Rowe Associates Inc. MD Increases Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Price T Rowe Associates Inc. MD lifted its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 7.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,162,332 shares of the real estate investment trust’s stock after acquiring an additional 291,051 shares during the period. Price T Rowe Associates Inc. MD owned 4.30% of Terreno Realty worth $276,381,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in Terreno Realty by 412.0% during the fourth quarter. Hsbc Holdings PLC now owns 205,287 shares of the real estate investment trust’s stock worth $12,874,000 after buying an additional 165,194 shares during the period. Campbell & CO Investment Adviser LLC grew its holdings in shares of Terreno Realty by 377.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 25,301 shares of the real estate investment trust’s stock worth $1,586,000 after acquiring an additional 20,004 shares during the last quarter. Sei Investments Co. boosted its position in shares of Terreno Realty by 33.3% in the first quarter. Sei Investments Co. now owns 379,938 shares of the real estate investment trust’s stock worth $25,228,000 after buying an additional 94,813 shares during the period. Alberta Investment Management Corp boosted its position in Terreno Realty by 24.4% during the fourth quarter. Alberta Investment Management Corp now owns 75,453 shares of the real estate investment trust’s stock valued at $4,729,000 after purchasing an additional 14,820 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Terreno Realty in the first quarter worth about $3,450,000.

Terreno Realty Price Performance

Shares of NYSE:TRNO traded up $1.79 during midday trading on Friday, reaching $68.72. 526,955 shares of the company were exchanged, compared to its average volume of 701,275. Terreno Realty Co. has a one year low of $50.42 and a one year high of $69.53. The company has a current ratio of 10.17, a quick ratio of 10.17 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average is $60.17 and its two-hundred day moving average is $60.63. The stock has a market cap of $6.65 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 3.35 and a beta of 0.89.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $86.56 million. As a group, analysts predict that Terreno Realty Co. will post 2.28 earnings per share for the current year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.62%. The ex-dividend date was Friday, June 28th. Terreno Realty’s payout ratio is presently 93.75%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho boosted their price target on Terreno Realty from $52.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group lowered their target price on Terreno Realty from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, May 14th. Wedbush restated a “neutral” rating and set a $57.00 price objective (down from $67.00) on shares of Terreno Realty in a research note on Tuesday, May 14th. Barclays cut their price objective on shares of Terreno Realty from $71.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $65.00 target price on shares of Terreno Realty in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $64.78.

Terreno Realty Company 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.