Schwab Charles Investment Management Inc. boosted its position in Terreno Realty Corporation (NYSE:TRNO) by 8.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 188,745 shares of the real estate investment trust’s stock after buying an additional 15,188 shares during the period. Schwab Charles Investment Management Inc. owned 0.38% of Terreno Realty Corporation worth $5,285,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Terreno Realty Corporation by 2,189.1% in the first quarter. BlackRock Inc. now owns 4,165,859 shares of the real estate investment trust’s stock worth $116,645,000 after buying an additional 3,983,872 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Terreno Realty Corporation by 32.0% in the first quarter. Dimensional Fund Advisors LP now owns 622,260 shares of the real estate investment trust’s stock worth $17,423,000 after buying an additional 150,785 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Terreno Realty Corporation by 2.3% in the first quarter. Geode Capital Management LLC now owns 346,775 shares of the real estate investment trust’s stock worth $9,709,000 after buying an additional 7,948 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Terreno Realty Corporation by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,500,309 shares of the real estate investment trust’s stock worth $154,009,000 after buying an additional 81,173 shares in the last quarter. Finally, Menta Capital LLC bought a new position in shares of Terreno Realty Corporation during the first quarter worth about $568,000.

Terreno Realty Corporation (TRNO) traded down 0.41% during trading on Tuesday, hitting $34.25. 29,910 shares of the stock traded hands. Terreno Realty Corporation has a 52 week low of $24.81 and a 52 week high of $34.92. The firm’s 50-day moving average is $33.48 and its 200 day moving average is $30.35. The stock has a market cap of $1.79 billion, a P/E ratio of 72.11 and a beta of 0.83.

Terreno Realty Corporation (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $32.78 million for the quarter, compared to the consensus estimate of $31.72 million. Terreno Realty Corporation had a return on equity of 3.13% and a net margin of 20.91%. Equities research analysts forecast that Terreno Realty Corporation will post $0.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.22 per share. This is a boost from Terreno Realty Corporation’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, October 5th.

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A number of equities analysts recently issued reports on the stock. BidaskClub lowered shares of Terreno Realty Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $34.50 target price on shares of Terreno Realty Corporation in a research report on Friday, July 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $35.00 target price (up previously from $29.00) on shares of Terreno Realty Corporation in a research report on Friday, June 23rd. National Securities lowered shares of Terreno Realty Corporation from a “buy” rating to a “neutral” rating and increased their target price for the company from $29.00 to $33.00 in a research report on Thursday, May 11th. Finally, Wunderlich increased their target price on shares of Terreno Realty Corporation from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, May 8th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $31.81.

Terreno Realty Corporation Company Profile

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.

Institutional Ownership by Quarter for Terreno Realty Corporation (NYSE:TRNO)

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