Point72 Hong Kong Ltd bought a new position in Terreno Realty Co. (NYSE:TRNO) during the fourth quarter, Holdings Channel reports. The firm bought 4,664 shares of the real estate investment trust’s stock, valued at approximately $253,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in Terreno Realty by 1,064.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,048 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 958 shares in the last quarter. Evoke Wealth LLC purchased a new position in shares of Terreno Realty in the 3rd quarter valued at about $92,000. Huntington National Bank increased its stake in shares of Terreno Realty by 193.0% in the 4th quarter. Huntington National Bank now owns 2,417 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 1,592 shares in the last quarter. Quantum Capital Management acquired a new position in Terreno Realty in the 3rd quarter worth about $143,000. Finally, Cornerstone Investment Partners LLC acquired a new position in Terreno Realty in the 4th quarter worth about $257,000.

Terreno Realty stock traded up $0.86 during midday trading on Thursday, reaching $48.00. The company had a trading volume of 884,393 shares, compared to its average volume of 410,713. The company has a market capitalization of $3.18 billion, a P/E ratio of 56.47 and a beta of 0.78. Terreno Realty Co. has a 12-month low of $41.44 and a 12-month high of $62.31. The firm’s fifty day simple moving average is $55.60 and its 200-day simple moving average is $54.69. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.97 and a quick ratio of 3.97.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.14). Terreno Realty had a return on equity of 3.82% and a net margin of 32.35%. The firm had revenue of $45.02 million for the quarter, compared to analysts’ expectations of $44.80 million. On average, analysts expect that Terreno Realty Co. will post 1.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, March 26th. Terreno Realty’s dividend payout ratio is presently 78.26%.

TRNO has been the topic of several research analyst reports. Zacks Investment Research lowered Terreno Realty from a “buy” rating to a “hold” rating in a report on Tuesday, January 21st. KeyCorp upped their target price on Terreno Realty from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. DA Davidson reiterated a “buy” rating on shares of Terreno Realty in a research report on Wednesday, February 12th. Finally, BTIG Research increased their target price on Terreno Realty from to and gave the company a “buy” rating in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $56.00.

About Terreno Realty

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

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

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