Charles Schwab Investment Management Inc. raised its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 6.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,838,503 shares of the real estate investment trust's stock after buying an additional 110,610 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.84% of Terreno Realty worth $108,729,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of TRNO. Assetmark Inc. boosted its holdings in shares of Terreno Realty by 2,381.3% in the third 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 in the last quarter. Manchester Capital Management LLC purchased a new stake in Terreno Realty in the 4th quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Terreno Realty by 176.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 361 shares during the period. Huntington National Bank boosted its stake in shares of Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust's stock valued at $171,000 after buying an additional 177 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Terreno Realty during the third quarter worth $225,000.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on TRNO. BMO Capital Markets upped their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Piper Sandler dropped their price objective on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $60.00 target price on the stock. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and raised their price target for the company from $65.00 to $77.00 in a research report on Friday, February 21st. Finally, Scotiabank increased their price objective on shares of Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Terreno Realty has a consensus rating of "Hold" and an average target price of $69.36.
Read Our Latest Research Report on Terreno Realty
Terreno Realty Trading Down 1.2 %
TRNO stock traded down $0.79 during midday trading on Wednesday, hitting $66.80. The stock had a trading volume of 384,330 shares, compared to its average volume of 908,369. The company's 50-day moving average price is $64.62 and its 200 day moving average price is $63.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market cap of $6.67 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. 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 announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 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, equities research analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.
Terreno Realty Announces Dividend
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 issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 2.93%. Terreno Realty's payout ratio is currently 102.08%.
About Terreno Realty
(
Free Report)
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.
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