Deutsche Bank AG reduced its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 4.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 78,173 shares of the real estate investment trust’s stock after selling 3,910 shares during the quarter. Deutsche Bank AG’s holdings in Terreno Realty were worth $4,943,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Terreno Realty during the second quarter valued at approximately $27,000. Atlantic Trust LLC bought a new position in Terreno Realty in the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. bought a new position in Terreno Realty in the third quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. boosted its stake in Terreno Realty by 485.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 388 shares during the last quarter. Finally, FORA Capital LLC boosted its stake in Terreno Realty by 185.0% in the second quarter. FORA Capital LLC now owns 2,180 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 1,415 shares during the last quarter. 93.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:TRNO opened at $77.70 on Friday. Terreno Realty Co. has a 12 month low of $53.97 and a 12 month high of $86.00. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $79.06 and its 200 day simple moving average is $71.46. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 79.29 and a beta of 0.62.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 5th. Shareholders of record on Wednesday, December 15th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, December 14th. This represents a $1.36 annualized dividend and a yield of 1.75%. Terreno Realty’s payout ratio is currently 138.78%.
TRNO has been the topic of a number of recent research reports. KeyCorp raised their price objective on shares of Terreno Realty from $71.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, November 5th. BTIG Research increased their target price on shares of Terreno Realty from $70.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, December 23rd. Mizuho increased their target price on shares of Terreno Realty from $65.00 to $76.00 in a report on Thursday. Robert W. Baird lowered shares of Terreno Realty from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $80.00 to $79.00 in a report on Tuesday. Finally, Zacks Investment Research lowered shares of Terreno Realty from a “buy” rating to a “hold” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Terreno Realty currently has an average rating of “Hold” and a consensus price target of $81.29.
Terreno Realty Company Profile
Terreno Realty Corp. operates as a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W.
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