Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in Terreno Realty Co. (NYSE:TRNO)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Terreno Realty Co. (NYSE:TRNO) by 53.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,807 shares of the real estate investment trust’s stock after purchasing an additional 22,137 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Terreno Realty were worth $3,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRNO. FMR LLC lifted its holdings in shares of Terreno Realty by 16.4% in the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock valued at $708,348,000 after purchasing an additional 1,496,666 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Terreno Realty by 339.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust’s stock valued at $40,842,000 after buying an additional 472,125 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Terreno Realty by 59.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust’s stock valued at $70,473,000 after buying an additional 394,436 shares during the last quarter. Bank of New York Mellon Corp increased its position in Terreno Realty by 58.3% during the fourth quarter. Bank of New York Mellon Corp now owns 948,090 shares of the real estate investment trust’s stock worth $56,070,000 after buying an additional 349,060 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Terreno Realty in the fourth quarter worth $19,792,000.

Terreno Realty Stock Performance

Terreno Realty stock opened at $66.35 on Friday. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The stock’s 50-day moving average is $65.08 and its 200-day moving average is $63.92.

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

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

Analyst Ratings Changes

A number of analysts recently commented on TRNO shares. Barclays reaffirmed an “equal weight” rating and set a $60.00 price objective (down previously from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price target for the company. The Goldman Sachs Group raised shares of Terreno Realty from a “neutral” rating to a “buy” rating and upped their price objective for the company from $65.00 to $77.00 in a research note on Friday, February 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Finally, Scotiabank increased their price target on Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Terreno Realty currently has a consensus rating of “Hold” and a consensus price target of $69.36.

About Terreno Realty

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.