Terreno Realty Co. (NYSE:TRNO) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 8.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 131,090 shares of the real estate investment trust’s stock after acquiring an additional 10,640 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Terreno Realty were worth $7,753,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Terreno Realty in the 4th quarter valued at $58,818,000. Easterly Investment Partners LLC raised its position in Terreno Realty by 168.4% in the fourth quarter. Easterly Investment Partners LLC now owns 106,855 shares of the real estate investment trust’s stock valued at $6,319,000 after purchasing an additional 67,049 shares during the period. JPMorgan Chase & Co. raised its position in Terreno Realty by 2.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,264,657 shares of the real estate investment trust’s stock valued at $74,792,000 after purchasing an additional 35,034 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Terreno Realty by 7.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 66,132 shares of the real estate investment trust’s stock worth $3,878,000 after purchasing an additional 4,404 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Terreno Realty in the fourth quarter worth about $358,000.

Analysts Set New Price Targets

Several research firms recently commented on TRNO. JMP Securities reissued a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 target price for the company. Barclays dropped 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 research note on Tuesday, March 25th. BMO Capital Markets upped their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Finally, Scotiabank lifted their price objective on Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.09.

Terreno Realty Trading Up 0.8 %

Terreno Realty stock opened at $63.25 on Tuesday. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The firm’s 50-day moving average is $66.15 and its 200-day moving average is $63.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $6.52 billion, a P/E ratio of 32.94, a PEG ratio of 2.82 and a beta of 0.93.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS 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%. On average, equities analysts expect that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be issued a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.10%. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

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.