Cibc World Markets Corp Acquires New Holdings in Terreno Realty Co. (NYSE:TRNO)

Cibc World Markets Corp purchased a new stake in Terreno Realty Co. (NYSE:TRNO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,940 shares of the real estate investment trust's stock, valued at approximately $529,000.

Several other hedge funds have also bought and sold shares of TRNO. FMR LLC raised its stake in shares of Terreno Realty by 16.4% in the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock worth $708,348,000 after purchasing an additional 1,496,666 shares during the last quarter. Geode Capital Management LLC raised its position in Terreno Realty by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust's stock valued at $161,423,000 after buying an additional 8,940 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Terreno Realty by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust's stock valued at $108,729,000 after acquiring an additional 110,610 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of Terreno Realty by 7.1% in the 4th quarter. Copeland Capital Management LLC now owns 1,209,144 shares of the real estate investment trust's stock worth $71,509,000 after acquiring an additional 79,701 shares in the last quarter. Finally, Tandem Investment Advisors Inc. raised its holdings in shares of Terreno Realty by 5.1% in the fourth quarter. Tandem Investment Advisors Inc. now owns 1,081,224 shares of the real estate investment trust's stock valued at $63,944,000 after purchasing an additional 52,785 shares during the last quarter.

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Terreno Realty Stock Performance

NYSE TRNO traded down $0.77 during trading on Tuesday, hitting $63.28. 110,451 shares of the company's stock traded hands, compared to its average volume of 859,191. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 2.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The business has a 50 day moving average of $65.89 and a 200-day moving average of $63.75. Terreno Realty Co. has a 12-month low of $53.78 and a 12-month high of $71.63.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its earnings results 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 net margin of 48.18% and a return on equity of 5.20%. As a group, equities research analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business 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 dividend of $0.49 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.10%. Terreno Realty's dividend payout ratio (DPR) is 102.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TRNO shares. BMO Capital Markets increased their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Piper Sandler dropped their price target on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective on the stock. Barclays decreased their target price on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, JMP Securities reissued a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $69.09.

Terreno Realty 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.