Principal Financial Group Inc. grew its position in Terreno Realty Co. (NYSE:TRNO) by 16.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,202,060 shares of the real estate investment trust’s stock after buying an additional 173,521 shares during the period. Principal Financial Group Inc. owned approximately 2.15% of Terreno Realty worth $41,482,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TRNO. Schroder Investment Management Group grew its holdings in shares of Terreno Realty by 31.9% in the 1st quarter. Schroder Investment Management Group now owns 2,054,124 shares of the real estate investment trust’s stock valued at $70,888,000 after buying an additional 496,655 shares during the period. BlackRock Inc. lifted its position in Terreno Realty by 5.2% in the 4th quarter. BlackRock Inc. now owns 6,368,876 shares of the real estate investment trust’s stock valued at $223,293,000 after acquiring an additional 312,221 shares in the last quarter. Wells Fargo & Company MN lifted its position in Terreno Realty by 120.6% in the 4th quarter. Wells Fargo & Company MN now owns 328,784 shares of the real estate investment trust’s stock valued at $11,528,000 after acquiring an additional 179,723 shares in the last quarter. State of Wisconsin Investment Board bought a new stake in Terreno Realty in the 1st quarter valued at $4,452,000. Finally, American Century Companies Inc. bought a new stake in Terreno Realty in the 1st quarter valued at $4,105,000. 98.58% of the stock is owned by institutional investors.

Shares of NYSE:TRNO opened at $37.87 on Wednesday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.50. Terreno Realty Co. has a one year low of $31.56 and a one year high of $39.26. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 2.95 and a beta of 0.73.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, July 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $0.88 annualized dividend and a yield of 2.32%. Terreno Realty’s dividend payout ratio (DPR) is presently 80.73%.

Several research firms recently commented on TRNO. National Securities reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Terreno Realty in a research report on Tuesday, May 8th. ValuEngine raised shares of Terreno Realty from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. DA Davidson set a $50.00 price objective on shares of Terreno Realty and gave the company a “buy” rating in a research report on Friday, May 4th. Zacks Investment Research raised shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Saturday, May 19th. Finally, Compass Point raised shares of Terreno Realty from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 18th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Terreno Realty currently has a consensus rating of “Buy” and an average target price of $38.82.

Terreno Realty Company Profile

Terreno Realty Corporation 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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.

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Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

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