Allspring Global Investments Holdings LLC Acquires 93,596 Shares of Terreno Realty Co. (NYSE:TRNO)

Allspring Global Investments Holdings LLC boosted its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 19.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 576,150 shares of the real estate investment trust's stock after purchasing an additional 93,596 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.58% of Terreno Realty worth $33,071,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Terreno Realty during the 3rd quarter valued at about $26,000. Assetmark Inc. boosted its holdings in shares of Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 381 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Terreno Realty by 6,580.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 987 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Terreno Realty by 7.4% during the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust's stock valued at $171,000 after acquiring an additional 177 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Terreno Realty by 72.6% during the 3rd quarter. Blue Trust Inc. now owns 3,067 shares of the real estate investment trust's stock valued at $205,000 after acquiring an additional 1,290 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TRNO shares. Piper Sandler dropped their price target on shares of Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. BMO Capital Markets raised their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective on the stock. Barclays reissued an "equal weight" rating and issued a $60.00 price objective (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Finally, Scotiabank dropped their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $68.45.

Terreno Realty Price Performance

Shares of Terreno Realty stock traded up $0.11 on Tuesday, hitting $66.83. 160,267 shares of the company traded hands, compared to its average volume of 859,792. The stock has a market capitalization of $6.67 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.71 and a current ratio of 0.23. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The business has a 50-day simple moving average of $62.31 and a 200 day simple moving average of $63.99.

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 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%. Research analysts expect 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. Stockholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty's payout ratio is currently 102.08%.

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.