Terreno Realty Co. (NYSE:TRNO) Position Increased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,100 shares of the real estate investment trust’s stock after buying an additional 471 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Terreno Realty were worth $946,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TRNO. Exchange Traded Concepts LLC purchased a new stake in shares of Terreno Realty in the 4th quarter valued at approximately $35,000. Blue Trust Inc. lifted its position in shares of Terreno Realty by 84.2% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 452 shares in the last quarter. Dfpg Investments LLC purchased a new stake in shares of Terreno Realty in the 4th quarter valued at approximately $200,000. Covestor Ltd lifted its position in shares of Terreno Realty by 16.9% in the 3rd quarter. Covestor Ltd now owns 3,561 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 514 shares in the last quarter. Finally, Prudent Man Advisors LLC purchased a new stake in shares of Terreno Realty in the 3rd quarter valued at approximately $204,000.

Terreno Realty Stock Performance

Shares of TRNO opened at $54.40 on Friday. The company’s fifty day moving average is $62.27 and its 200-day moving average is $59.98. Terreno Realty Co. has a 12 month low of $50.42 and a 12 month high of $66.63. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 2.54 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 announced 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 net margin of 46.76% and a return on equity of 5.55%. The company had revenue of $86.48 million for the quarter, compared to analyst estimates of $84.06 million. Equities analysts expect that Terreno Realty Co. will post 2.42 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Thursday, March 28th were paid 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 3.31%. Terreno Realty’s payout ratio is presently 99.45%.

Analyst Ratings Changes

Several equities research analysts recently commented on TRNO shares. Barclays started coverage on shares of Terreno Realty in a research report on Wednesday, March 27th. They issued an “overweight” rating and a $71.00 price target for the company. StockNews.com upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a research report on Saturday, March 23rd. Mizuho increased their target price on shares of Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group increased their target price on shares of Terreno Realty from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $65.00 target price on shares of Terreno Realty in a research report on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $67.11.

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.