Allspring Global Investments Holdings LLC Has $33.07 Million Position in Terreno Realty Co. (NYSE:TRNO)

Allspring Global Investments Holdings LLC increased its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 19.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 576,150 shares of the real estate investment trust’s stock after acquiring an additional 93,596 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.58% of Terreno Realty worth $33,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRNO. FMR LLC grew its holdings in Terreno Realty by 16.4% in the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock valued at $708,348,000 after buying an additional 1,496,666 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Terreno Realty by 339.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust’s stock valued at $40,842,000 after buying an additional 472,125 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Terreno Realty by 59.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust’s stock valued at $70,473,000 after buying an additional 394,436 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Terreno Realty by 22.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock valued at $115,475,000 after buying an additional 315,506 shares in the last quarter. Finally, Barclays PLC grew its holdings in Terreno Realty by 131.0% in the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock valued at $11,360,000 after buying an additional 96,380 shares in the last quarter.

Terreno Realty Price Performance

Shares of TRNO stock opened at $66.74 on Friday. The company has a quick ratio of 2.71, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a market cap of $6.66 billion, a P/E ratio of 34.76, a P/E/G ratio of 2.85 and a beta of 0.91. The business has a fifty day simple moving average of $62.10 and a 200 day simple moving average of $64.07.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, sell-side analysts forecast that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a $0.49 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 2.94%. Terreno Realty’s dividend payout ratio is presently 102.08%.

Analyst Ratings Changes

A number of brokerages have commented on TRNO. JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. Scotiabank cut their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. BMO Capital Markets upped their target price on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price for the company. Finally, Barclays reiterated an “equal weight” rating and set a $60.00 target price (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $68.45.

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.