Natixis Advisors LLC Buys New Shares in Terreno Realty Co. (NYSE:TRNO)

Natixis Advisors LLC purchased a new stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,347 shares of the real estate investment trust's stock, valued at approximately $789,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Manchester Capital Management LLC acquired a new position in shares of Terreno Realty during the fourth quarter worth $27,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 361 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Terreno Realty in the 4th quarter valued at about $202,000. KBC Group NV grew its holdings in Terreno Realty by 40.7% in the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock valued at $217,000 after purchasing an additional 1,059 shares during the period. Finally, Verition Fund Management LLC purchased a new position in shares of Terreno Realty during the 3rd quarter valued at approximately $225,000.

Terreno Realty Trading Down 0.7 %

TRNO traded down $0.42 on Friday, hitting $62.68. The company had a trading volume of 513,906 shares, compared to its average volume of 876,616. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.46 billion, a P/E ratio of 32.64, a PEG ratio of 2.82 and a beta of 0.93. The company's fifty day moving average price is $66.11 and its 200 day moving average price is $63.63. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63.

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Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. As a group, equities analysts expect that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

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 issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.13%. Terreno Realty's dividend payout ratio is presently 102.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. 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 price objective for the company. JMP Securities reaffirmed a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. Scotiabank raised their price objective on Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a report on Friday, February 28th. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and upped their target price for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Finally, Piper Sandler lowered their target price on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $69.09.

Terreno Realty Company 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.