Fifth Third Bancorp Purchases 441 Shares of Terreno Realty Co. (NYSE:TRNO)

Fifth Third Bancorp lifted its position in Terreno Realty Co. (NYSE:TRNO) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,436 shares of the real estate investment trust’s stock after acquiring an additional 441 shares during the quarter. Fifth Third Bancorp’s holdings in Terreno Realty were worth $381,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TRNO. Janney Montgomery Scott LLC bought a new stake in Terreno Realty in the fourth quarter worth about $444,000. Diversify Wealth Management LLC lifted its stake in shares of Terreno Realty by 48.0% during the 4th quarter. Diversify Wealth Management LLC now owns 7,341 shares of the real estate investment trust’s stock worth $425,000 after acquiring an additional 2,382 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Terreno Realty by 20.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 29,884 shares of the real estate investment trust’s stock valued at $1,767,000 after acquiring an additional 5,015 shares during the period. Tidal Investments LLC grew its position in Terreno Realty by 15.9% in the 3rd quarter. Tidal Investments LLC now owns 61,852 shares of the real estate investment trust’s stock valued at $4,134,000 after acquiring an additional 8,490 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Terreno Realty by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock worth $161,423,000 after purchasing an additional 8,940 shares during the period.

Analyst Upgrades and Downgrades

TRNO has been the topic of a number of research analyst reports. Barclays restated an “equal weight” rating and issued a $60.00 price target (down from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Scotiabank lowered their price target on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. JMP Securities restated a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $67.50.

Terreno Realty Trading Up 0.9 %

TRNO opened at $65.59 on Friday. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 2.68 and a beta of 0.90. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The stock has a fifty day moving average price of $60.78 and a 200-day moving average price of $64.12.

Terreno Realty (NYSE:TRNO) last announced its earnings results 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 firm had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. As a group, equities research analysts anticipate that Terreno Realty Co. will post 2.42 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th were paid a $0.49 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 2.99%. Terreno Realty’s dividend payout ratio (DPR) is 107.69%.

Terreno Realty Company 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.