Massachusetts Financial Services Co. MA Raises Stock Position in Terreno Realty Co. (NYSE:TRNO)

Massachusetts Financial Services Co. MA lifted its stake in Terreno Realty Co. (NYSE:TRNO) by 59.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,054,516 shares of the real estate investment trust’s stock after buying an additional 394,436 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Terreno Realty were worth $70,473,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. American International Group Inc. grew its stake in Terreno Realty by 0.9% in the first quarter. American International Group Inc. now owns 41,600 shares of the real estate investment trust’s stock worth $2,762,000 after purchasing an additional 368 shares during the period. EntryPoint Capital LLC grew its stake in shares of Terreno Realty by 80.3% in the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 419 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Terreno Realty by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust’s stock worth $276,381,000 after buying an additional 291,051 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Terreno Realty by 10.8% during the first quarter. Public Employees Retirement System of Ohio now owns 133,856 shares of the real estate investment trust’s stock valued at $8,888,000 after acquiring an additional 13,064 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Terreno Realty by 1.8% in the 1st quarter. Janus Henderson Group PLC now owns 47,635 shares of the real estate investment trust’s stock worth $3,164,000 after acquiring an additional 826 shares during the last quarter.

Terreno Realty Stock Up 0.3 %

TRNO opened at $60.40 on Monday. The firm has a 50-day simple moving average of $63.73 and a two-hundred day simple moving average of $63.17. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The company has a market capitalization of $6.02 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.77 and a beta of 0.90. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS 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 business had revenue of $99.64 million during the quarter, compared to analysts’ expectations of $96.31 million. Analysts forecast that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, December 13th. Terreno Realty’s dividend payout ratio is currently 107.69%.

Analyst Ratings Changes

Several analysts have commented on the company. Barclays cut their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. The Goldman Sachs Group raised their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Terreno Realty has a consensus rating of “Hold” and a consensus price target of $69.22.

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.