UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 472,125 Shares of Terreno Realty Co. (NYSE:TRNO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 339.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 611,128 shares of the real estate investment trust’s stock after purchasing an additional 472,125 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Terreno Realty were worth $40,842,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Terreno Realty during the third quarter worth $26,000. Assetmark Inc. increased its stake in shares of Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 381 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Terreno Realty in the 2nd quarter valued at about $48,000. International Assets Investment Management LLC raised its holdings in shares of Terreno Realty by 6,580.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 987 shares during the period. Finally, CWM LLC grew its holdings in Terreno Realty by 58.2% during the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 438 shares during the period.

Terreno Realty Price Performance

Shares of Terreno Realty stock opened at $60.49 on Wednesday. The company has a 50-day simple moving average of $62.58 and a two-hundred day simple moving average of $63.46. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.78 and a beta of 0.89. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The company had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. Analysts forecast that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty’s payout ratio is currently 107.69%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wolfe Research upgraded Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Barclays cut their price target on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, October 28th. The Goldman Sachs Group upped their price objective on shares of Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Scotiabank cut their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Finally, JMP Securities upped their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.22.

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.