Terreno Realty Co. (NYSE:TRNO) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 74.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,885 shares of the real estate investment trust's stock after purchasing an additional 11,016 shares during the quarter. Bank of Montreal Can's holdings in Terreno Realty were worth $1,531,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Manchester Capital Management LLC bought a new stake in Terreno Realty during the 4th quarter valued at about $27,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 361 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of 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 purchasing an additional 370 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Terreno Realty in the fourth quarter worth approximately $76,000. Finally, Los Angeles Capital Management LLC purchased a new position in Terreno Realty during the 4th quarter worth $202,000.

Analyst Upgrades and Downgrades

TRNO has been the subject of several research reports. BMO Capital Markets upped their target price on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. JMP Securities reaffirmed a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. Barclays cut their target price on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Piper Sandler lowered their price target on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, 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 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Terreno Realty has an average rating of "Hold" and an average price target of $66.45.

Terreno Realty Stock Up 1.7 %

TRNO traded up $0.95 during trading on Wednesday, hitting $57.75. The stock had a trading volume of 249,576 shares, compared to its average volume of 936,860. The stock has a 50 day simple moving average of $62.67 and a two-hundred day simple moving average of $62.20. The company has a market capitalization of $5.95 billion, a PE ratio of 30.08, a PEG ratio of 2.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. Terreno Realty Co. has a twelve month low of $48.18 and a twelve month high of $71.63.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping 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%. On average, research analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was 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.