Terreno Realty Co. (NYSE:TRNO) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Terreno Realty Co. (NYSE:TRNO) by 6.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 30,653 shares of the real estate investment trust’s stock after selling 2,095 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Terreno Realty were worth $1,921,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Terreno Realty by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock valued at $677,009,000 after acquiring an additional 168,728 shares during the period. FMR LLC boosted its stake in Terreno Realty by 10.3% during the 3rd quarter. FMR LLC now owns 5,260,376 shares of the real estate investment trust’s stock worth $298,789,000 after purchasing an additional 493,182 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Terreno Realty by 0.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,475,199 shares of the real estate investment trust’s stock worth $254,189,000 after purchasing an additional 39,020 shares during the last quarter. Invesco Ltd. boosted its stake in Terreno Realty by 11.1% during the 3rd quarter. Invesco Ltd. now owns 4,113,232 shares of the real estate investment trust’s stock worth $233,632,000 after purchasing an additional 411,973 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Terreno Realty by 2.5% during the 3rd quarter. Northern Trust Corp now owns 1,352,836 shares of the real estate investment trust’s stock worth $76,841,000 after purchasing an additional 32,391 shares during the last quarter.

Analyst Ratings Changes

TRNO has been the topic of several recent research reports. Barclays initiated coverage on shares of Terreno Realty in a research note on Wednesday, March 27th. They set an “overweight” rating and a $71.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 target price on shares of Terreno Realty in a research note on Thursday, March 28th. Mizuho lifted their price target on Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Wedbush reiterated a “neutral” rating and set a $67.00 price target on shares of Terreno Realty in a report on Thursday, March 28th. Finally, StockNews.com upgraded Terreno Realty from a “sell” rating to a “hold” rating in a report on Saturday, March 23rd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.11.

Terreno Realty Stock Down 2.1 %

Shares of TRNO opened at $55.31 on Thursday. The firm has a market cap of $5.34 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 2.60 and a beta of 0.81. Terreno Realty Co. has a 12-month low of $50.42 and a 12-month high of $66.63. The company’s 50-day moving average price is $62.44 and its 200 day moving average price is $60.02. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.28.

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

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, March 28th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Wednesday, March 27th. Terreno Realty’s dividend payout ratio is currently 99.45%.

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.