Terreno Realty Co. (NYSE:TRNO) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its position in shares of Terreno Realty Co. (NYSE:TRNO) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 271,718 shares of the real estate investment trust’s stock after selling 1,153 shares during the period. Wells Fargo & Company MN’s holdings in Terreno Realty were worth $16,069,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRNO. MML Investors Services LLC grew its holdings in shares of Terreno Realty by 6.1% in the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 249 shares during the last quarter. Arizona State Retirement System increased its stake in Terreno Realty by 1.0% in the 4th quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust’s stock worth $1,663,000 after purchasing an additional 276 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 361 shares during the period. DF Dent & Co. Inc. raised its holdings in Terreno Realty by 1.2% during the 4th quarter. DF Dent & Co. Inc. now owns 34,254 shares of the real estate investment trust’s stock worth $2,026,000 after buying an additional 397 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in Terreno Realty by 3.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 11,585 shares of the real estate investment trust’s stock valued at $685,000 after buying an additional 400 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TRNO. Barclays cut their price target on shares of Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price on the stock. BMO Capital Markets raised their target price on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group raised Terreno Realty from a “neutral” rating to a “buy” rating and upped their price target for the company from $65.00 to $77.00 in a research report on Friday, February 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Terreno Realty has a consensus rating of “Hold” and a consensus price target of $66.55.

Terreno Realty Stock Performance

TRNO stock opened at $55.67 on Tuesday. The firm has a 50 day moving average of $63.90 and a two-hundred day moving average of $62.54. Terreno Realty Co. has a 12 month low of $48.18 and a 12 month high of $71.63. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 2.82 and a beta of 1.00. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. As a group, equities analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.52%. Terreno Realty’s payout ratio is currently 102.08%.

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.