Sumitomo Mitsui Trust Holdings Inc. Has $6.18 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Sumitomo Mitsui Trust Holdings Inc. increased its position in Terreno Realty Co. (NYSE:TRNO) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,648 shares of the real estate investment trust’s stock after purchasing an additional 6,102 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.12% of Terreno Realty worth $6,182,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ronald Blue Trust Inc. lifted its position in Terreno Realty by 93.9% in the third quarter. Ronald Blue Trust Inc. now owns 537 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 260 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Terreno Realty during the fourth quarter valued at $35,000. Blue Trust Inc. lifted its holdings in shares of Terreno Realty by 84.2% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 452 shares during the period. Dfpg Investments LLC bought a new position in shares of Terreno Realty during the fourth quarter valued at $200,000. Finally, Covestor Ltd lifted its holdings in shares of Terreno Realty by 16.9% during the third quarter. Covestor Ltd now owns 3,561 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 514 shares during the period.

Wall Street Analysts Forecast Growth

TRNO has been the subject of a number of analyst reports. Scotiabank lifted their price objective on Terreno Realty from $64.00 to $66.00 and gave the company a “sector perform” rating in a report on Monday, February 12th. Mizuho lifted their price target on Terreno Realty from $52.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Barclays assumed coverage on Terreno Realty in a report on Wednesday, March 27th. They issued an “overweight” rating and a $71.00 price target for the company. The Goldman Sachs Group lifted their price target on Terreno Realty from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of Terreno Realty in a report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Terreno Realty presently has a consensus rating of “Hold” and a consensus target price of $67.11.

Terreno Realty Price Performance

Shares of TRNO stock opened at $56.52 on Wednesday. The stock has a 50-day moving average price of $62.58 and a 200 day moving average price of $60.05. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.28. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 2.53 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.

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, topping analysts’ consensus estimates of $0.58 by $0.10. The firm had revenue of $86.48 million during the quarter, compared to analyst estimates of $84.06 million. Terreno Realty had a return on equity of 5.55% and a net margin of 46.76%. Research analysts expect that Terreno Realty Co. will post 2.42 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Thursday, March 28th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 3.18%. Terreno Realty’s payout ratio is 99.45%.

About Terreno Realty

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.