Handelsbanken Fonder AB Purchases 900 Shares of Terreno Realty Co. (NYSE:TRNO)

Handelsbanken Fonder AB lifted its position in shares of Terreno Realty Co. (NYSE:TRNO) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,930 shares of the real estate investment trust’s stock after buying an additional 900 shares during the period. Handelsbanken Fonder AB’s holdings in Terreno Realty were worth $873,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TRNO. Exchange Traded Concepts LLC bought a new position in shares of Terreno Realty during the fourth quarter valued at about $35,000. Blue Trust Inc. increased its stake in Terreno Realty by 84.2% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 452 shares during the period. Dfpg Investments LLC purchased a new position in Terreno Realty in the 4th quarter worth approximately $200,000. Covestor Ltd lifted its position in Terreno Realty by 16.9% in the third quarter. Covestor Ltd now owns 3,561 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 514 shares during the last quarter. Finally, Prudent Man Advisors LLC purchased a new stake in shares of Terreno Realty during the third quarter valued at approximately $204,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Scotiabank upped their price target on shares of Terreno Realty from $64.00 to $66.00 and gave the company a “sector perform” rating in a report on Monday, February 12th. Wedbush reaffirmed a “neutral” rating and set a $67.00 price objective on shares of Terreno Realty in a research note on Thursday, March 28th. Barclays started coverage on Terreno Realty in a research note on Wednesday, March 27th. They issued an “overweight” rating and a $71.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price target on shares of Terreno Realty in a research report on Thursday, March 28th. Finally, Mizuho lifted their price objective on Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty currently has an average rating of “Hold” and an average price target of $67.11.

Terreno Realty Trading Up 1.8 %

TRNO opened at $55.09 on Tuesday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.28. Terreno Realty Co. has a 52 week low of $50.42 and a 52 week high of $66.63. The stock has a market cap of $5.32 billion, a PE ratio of 30.44, a PEG ratio of 2.49 and a beta of 0.81. The business has a 50 day moving average of $61.95 and a 200-day moving average of $59.99.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.58 by $0.10. Terreno Realty had a return on equity of 5.55% and a net margin of 46.76%. The business had revenue of $86.48 million during the quarter, compared to analyst estimates of $84.06 million. Equities research analysts predict that Terreno Realty Co. will post 2.42 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Thursday, March 28th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.27%. The ex-dividend date was Wednesday, March 27th. Terreno Realty’s payout ratio is currently 99.45%.

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.