Harvest Fund Management Co. Ltd Buys New Shares in Terreno Realty Co. (NYSE:TRNO)

Harvest Fund Management Co. Ltd purchased a new position in shares of Terreno Realty Co. (NYSE:TRNO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,285 shares of the real estate investment trust’s stock, valued at approximately $76,000.

A number of other large investors also recently modified their holdings of the business. Quest Partners LLC bought a new stake in shares of Terreno Realty during the 3rd quarter worth approximately $370,000. Pathstone Holdings LLC increased its holdings in Terreno Realty by 4.4% during the third quarter. Pathstone Holdings LLC now owns 23,624 shares of the real estate investment trust’s stock worth $1,579,000 after buying an additional 995 shares during the last quarter. Intech Investment Management LLC bought a new stake in Terreno Realty during the third quarter worth $1,397,000. Massachusetts Financial Services Co. MA lifted its stake in Terreno Realty by 59.8% in the third 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 acquiring an additional 394,436 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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 acquiring an additional 315,506 shares during the period.

Analyst Upgrades and Downgrades

TRNO has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 target price on the stock. BMO Capital Markets raised their price objective on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Scotiabank boosted their target price on Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, February 28th. Barclays reaffirmed an “equal weight” rating and set a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Finally, The Goldman Sachs Group upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and upped their price objective for the company from $65.00 to $77.00 in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $69.36.

Terreno Realty Price Performance

Shares of Terreno Realty stock opened at $62.56 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a 50-day simple moving average of $65.78 and a two-hundred day simple moving average of $63.78.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. Analysts forecast that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 102.08%.

Terreno Realty 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.