Terreno Realty Co. (NYSE:TRNO) Shares Purchased by KBC Group NV

KBC Group NV grew its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 40.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,662 shares of the real estate investment trust’s stock after purchasing an additional 1,059 shares during the period. KBC Group NV’s holdings in Terreno Realty were worth $217,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. FMR LLC grew its position in shares of Terreno Realty by 16.4% during 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Terreno Realty by 339.7% during the third 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 purchasing an additional 472,125 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Terreno Realty by 59.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust’s stock worth $70,473,000 after purchasing an additional 394,436 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $115,475,000 after purchasing an additional 315,506 shares during the last quarter. Finally, Barclays PLC boosted its position in Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock valued at $11,360,000 after purchasing an additional 96,380 shares during the period.

Terreno Realty Stock Performance

TRNO opened at $65.97 on Wednesday. The business has a 50 day moving average price of $61.07 and a two-hundred day moving average price of $64.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 2.74 and a beta of 0.91. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year high of $71.63.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). The firm had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. Research analysts predict that Terreno Realty Co. will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

TRNO has been the topic of a number of recent research reports. Barclays reiterated an “equal weight” rating and issued a $60.00 target price (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. JMP Securities reiterated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price for the company. Scotiabank dropped their price target on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $67.82.

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.