Massachusetts Financial Services Co. MA Sells 64,064 Shares of Terreno Realty Co. (NYSE:TRNO)

Massachusetts Financial Services Co. MA lowered its position in shares of Terreno Realty Co. (NYSE:TRNO) by 6.1% in the fourth quarter, Holdings Channel reports. The firm owned 990,452 shares of the real estate investment trust’s stock after selling 64,064 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Terreno Realty were worth $58,575,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Terreno Realty by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock valued at $902,293,000 after acquiring an additional 1,484,301 shares in the last quarter. Geode Capital Management LLC grew its stake in Terreno Realty by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust’s stock valued at $144,031,000 after purchasing an additional 19,900 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Terreno Realty by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust’s stock worth $108,729,000 after buying an additional 110,610 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Terreno Realty by 1.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,288,168 shares of the real estate investment trust’s stock worth $76,183,000 after purchasing an additional 14,995 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 buying an additional 35,034 shares during the period.

Terreno Realty Stock Performance

Terreno Realty stock opened at $55.86 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $65.80 and a two-hundred day simple moving average of $63.35. The company has a market capitalization of $5.75 billion, a PE ratio of 29.09, a P/E/G ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63.

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

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Analysts Set New Price Targets

TRNO has been the topic of several research analyst reports. The Goldman Sachs Group raised shares of Terreno Realty from a “neutral” rating to a “buy” rating and increased their price objective for the company from $65.00 to $77.00 in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective on the stock. Scotiabank boosted their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, February 28th. Barclays lowered 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 report on Tuesday, March 25th. Finally, JMP Securities reissued a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $69.09.

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.