Farringdon Capital Ltd. Buys Shares of 13,033 Terreno Realty Co. (NYSE:TRNO)

Farringdon Capital Ltd. purchased a new position in Terreno Realty Co. (NYSE:TRNO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,033 shares of the real estate investment trust's stock, valued at approximately $771,000.

Other large investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC acquired a new position in shares of Terreno Realty in the 4th quarter valued at $27,000. Steward Partners Investment Advisory LLC lifted 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 worth $33,000 after purchasing an additional 361 shares during the period. Quadrant Capital Group LLC boosted its position in Terreno Realty by 94.6% in the fourth quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 370 shares during the last quarter. FIL Ltd raised its position in Terreno Realty by 45.3% during the 4th quarter. FIL Ltd now owns 1,213 shares of the real estate investment trust's stock worth $72,000 after buying an additional 378 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Terreno Realty during the 4th quarter valued at approximately $76,000.

Terreno Realty Stock Up 2.0 %

Shares of TRNO traded up $1.12 during mid-day trading on Tuesday, reaching $56.95. The company's stock had a trading volume of 95,508 shares, compared to its average volume of 940,591. The stock has a market cap of $5.87 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. Terreno Realty Co. has a 12-month low of $48.18 and a 12-month high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The company's 50 day moving average is $62.87 and its 200 day moving average is $62.23.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share 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%. Equities analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were issued a dividend of $0.49 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.44%. Terreno Realty's dividend payout ratio is currently 102.08%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TRNO shares. BMO Capital Markets boosted their target price 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 lowered their price objective on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Monday, April 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $60.00 target price for the company. Piper Sandler cut their price target on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and raised their price objective for the company from $65.00 to $77.00 in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $66.45.

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.