American Century Companies Inc. Sells 318,155 Shares of Terreno Realty Co. (NYSE:TRNO)

American Century Companies Inc. lessened its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 14.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,875,473 shares of the real estate investment trust’s stock after selling 318,155 shares during the quarter. American Century Companies Inc.’s holdings in Terreno Realty were worth $110,915,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new position in Terreno Realty during the 4th quarter worth approximately $27,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Terreno Realty by 176.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 361 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Terreno Realty during the fourth quarter worth approximately $76,000. Verition Fund Management LLC acquired a new position in shares of Terreno Realty during the third quarter worth approximately $225,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Terreno Realty in the 4th quarter worth $202,000.

Terreno Realty Trading Down 4.1 %

NYSE TRNO opened at $62.56 on Monday. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 2.82 and a beta of 0.93. The business’s fifty day moving average is $65.78 and its 200-day moving average is $63.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63.

Terreno Realty (NYSE:TRNO) last released its 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%. Equities research analysts predict that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid 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 3.13%. Terreno Realty’s payout ratio is 102.08%.

Analyst Upgrades and Downgrades

TRNO has been the subject of a number of recent research reports. JMP Securities restated a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price for the company. BMO Capital Markets raised their price target on shares of 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 price objective on Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, February 28th. Finally, Barclays reissued an “equal weight” rating and issued a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Terreno Realty has a consensus rating of “Hold” and an average target price of $69.36.

About Terreno Realty

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.