Mather Group LLC. Acquires New Holdings in Terreno Realty Co. (NYSE:TRNO)

Mather Group LLC. acquired a new stake in Terreno Realty Co. (NYSE:TRNO) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 492 shares of the real estate investment trust’s stock, valued at approximately $31,000.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Terreno Realty during the 4th quarter worth about $54,302,000. Public Employees Retirement Association of Colorado raised its position in shares of Terreno Realty by 91,086.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 713,076 shares of the real estate investment trust’s stock worth $44,688,000 after buying an additional 712,294 shares in the last quarter. Tandem Investment Advisors Inc. raised its position in shares of Terreno Realty by 40.2% during the 4th quarter. Tandem Investment Advisors Inc. now owns 977,150 shares of the real estate investment trust’s stock worth $61,238,000 after buying an additional 280,109 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Terreno Realty by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock worth $677,009,000 after buying an additional 168,728 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Terreno Realty by 412.0% during the 4th quarter. Hsbc Holdings PLC now owns 205,287 shares of the real estate investment trust’s stock worth $12,874,000 after buying an additional 165,194 shares in the last quarter.

Terreno Realty Stock Performance

Terreno Realty stock opened at $58.35 on Wednesday. The firm’s 50 day simple moving average is $56.26 and its 200-day simple moving average is $60.40. The company has a market cap of $5.64 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 2.83 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 10.17 and a quick ratio of 10.17. Terreno Realty Co. has a fifty-two week low of $50.42 and a fifty-two week high of $66.63.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.18). The firm had revenue of $85.03 million during the quarter, compared to analysts’ expectations of $86.56 million. Terreno Realty had a return on equity of 5.59% and a net margin of 49.12%. As a group, equities research analysts predict that Terreno Realty Co. will post 2.28 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, June 28th. Terreno Realty’s dividend payout ratio is currently 93.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TRNO shares. BNP Paribas started coverage on shares of Terreno Realty in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $68.00 price objective on the stock. Scotiabank lowered their price objective on shares of Terreno Realty from $66.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 16th. The Goldman Sachs Group lowered their price objective on shares of Terreno Realty from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price objective on shares of Terreno Realty in a research note on Monday, May 13th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $57.00 price objective (down previously from $67.00) on shares of Terreno Realty in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $64.60.

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.