Terreno Realty Co. (NYSE:TRNO) Stock Position Increased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its position in Terreno Realty Co. (NYSE:TRNO) by 20.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,884 shares of the real estate investment trust’s stock after purchasing an additional 5,015 shares during the period. Harbor Capital Advisors Inc.’s holdings in Terreno Realty were worth $1,767,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC lifted its holdings in Terreno Realty by 15.9% in the third quarter. Tidal Investments LLC now owns 61,852 shares of the real estate investment trust’s stock worth $4,134,000 after purchasing an additional 8,490 shares during the period. Geode Capital Management LLC raised its position in shares of Terreno Realty by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock worth $161,423,000 after buying an additional 8,940 shares in the last quarter. Barclays PLC lifted its stake in shares of Terreno Realty by 131.0% in the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock worth $11,360,000 after acquiring an additional 96,380 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Terreno Realty by 3.0% during the third quarter. Public Employees Retirement System of Ohio now owns 141,335 shares of the real estate investment trust’s stock valued at $9,445,000 after acquiring an additional 4,090 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Terreno Realty by 0.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust’s stock worth $8,050,000 after purchasing an additional 370 shares in the last quarter.

Wall Street Analyst Weigh In

TRNO has been the subject of a number of research reports. Barclays decreased their price target on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Scotiabank lowered their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Finally, JMP Securities reissued a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Terreno Realty presently has an average rating of “Hold” and a consensus target price of $69.22.

Terreno Realty Trading Down 0.8 %

Terreno Realty stock opened at $58.05 on Monday. The company has a 50 day moving average price of $60.25 and a 200 day moving average price of $63.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 2.87 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last issued 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). The business had revenue of $99.64 million for the quarter, compared to analysts’ expectations of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. Research analysts forecast that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, December 13th. Terreno Realty’s dividend payout ratio (DPR) is 107.69%.

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.