UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 339.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 611,128 shares of the real estate investment trust's stock after buying an additional 472,125 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.61% of Terreno Realty worth $40,842,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale raised its position in Terreno Realty by 107.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,548 shares of the real estate investment trust's stock worth $3,185,000 after purchasing an additional 25,683 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Terreno Realty by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,712 shares of the real estate investment trust's stock worth $693,000 after buying an additional 8,728 shares during the period. CWM LLC lifted its holdings in Terreno Realty by 58.2% in the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 438 shares during the period. Manning & Napier Advisors LLC bought a new position in Terreno Realty in the second quarter valued at approximately $7,815,000. Finally, Blue Trust Inc. grew its holdings in Terreno Realty by 206.9% during the 2nd quarter. Blue Trust Inc. now owns 1,777 shares of the real estate investment trust's stock worth $105,000 after acquiring an additional 1,198 shares during the period.
Shares of Terreno Realty stock opened at $60.49 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.78 and a beta of 0.89. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63. The stock's 50-day moving average is $62.58 and its 200-day moving average is $63.46.
Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The firm had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. Equities analysts predict that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, December 13th. Terreno Realty's dividend payout ratio (DPR) is currently 107.69%.
TRNO has been the topic of several recent research reports. Barclays reduced their price target on Terreno Realty from $69.00 to $68.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. Wedbush reissued a "neutral" rating and set a $70.00 price target (up from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. StockNews.com cut shares of Terreno Realty from a "hold" rating to a "sell" rating in a research report on Friday, October 11th. Scotiabank reduced their target price on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company downgraded Terreno Realty from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $71.00 to $75.00 in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Terreno Realty has a consensus rating of "Hold" and an average price target of $69.22.
Read Our Latest Stock Report on TRNO
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.
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