Jump Financial LLC Invests $1.17 Million in Terreno Realty Co. (NYSE:TRNO)

Jump Financial LLC acquired a new stake in Terreno Realty Co. (NYSE:TRNO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,773 shares of the real estate investment trust's stock, valued at approximately $1,169,000.

Other hedge funds have also made changes to their positions in the company. Mariner LLC grew its stake in Terreno Realty by 3.7% during the 4th quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust's stock valued at $264,000 after acquiring an additional 161 shares in the last quarter. MML Investors Services LLC lifted its position in Terreno Realty by 6.1% during the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust's stock worth $291,000 after acquiring an additional 249 shares during the last quarter. Arizona State Retirement System increased its position in Terreno Realty by 1.0% in the 4th quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock worth $1,663,000 after buying an additional 276 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Terreno Realty by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,994 shares of the real estate investment trust's stock valued at $591,000 after purchasing an additional 316 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in 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 buying an additional 361 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have commented on TRNO shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $60.00 price target for the company. JMP Securities reissued a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Piper Sandler cut their price objective on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets boosted their target price on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and increased their price target for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $66.45.

Terreno Realty Stock Performance

Shares of TRNO stock traded down $0.39 on Friday, reaching $56.63. The stock had a trading volume of 702,161 shares, compared to its average volume of 903,781. Terreno Realty Co. has a 12 month low of $48.18 and a 12 month high of $71.63. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 29.49, a P/E/G ratio of 2.82 and a beta of 1.00. The firm's 50-day moving average is $62.07 and its two-hundred day moving average is $62.05. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24.

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

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.46%. Terreno Realty's dividend payout ratio (DPR) is 102.08%.

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.