Chevy Chase Trust Holdings LLC decreased its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 722,306 shares of the real estate investment trust's stock after selling 4,978 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.72% of Terreno Realty worth $42,717,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in TRNO. Huntington National Bank boosted its holdings in shares of Terreno Realty by 7.4% in the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust's stock valued at $171,000 after purchasing an additional 177 shares during the last quarter. MML Investors Services LLC grew its position in Terreno Realty by 6.1% during the third quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust's stock valued at $291,000 after acquiring an additional 249 shares during the period. Creative Planning increased its stake in Terreno Realty by 7.0% during the second quarter. Creative Planning now owns 4,797 shares of the real estate investment trust's stock worth $284,000 after acquiring an additional 312 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Terreno Realty by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust's stock valued at $8,050,000 after purchasing an additional 370 shares in the last quarter. Finally, Assetmark Inc. increased its position in Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 381 shares in the last quarter.
Terreno Realty Stock Up 0.6 %
Shares of TRNO stock traded up $0.42 during trading hours on Tuesday, hitting $67.14. 633,802 shares of the company were exchanged, compared to its average volume of 867,033. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 2.85 and a beta of 0.91. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63. The business's 50-day simple moving average is $62.31 and its two-hundred day simple moving average is $63.99. 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 (NYSE:TRNO - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping 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%. Sell-side analysts predict that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.
Terreno Realty Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Thursday, March 27th. Terreno Realty's payout ratio is 102.08%.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. 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 report on Wednesday, February 12th. Piper Sandler reduced their price objective on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Scotiabank lowered their target price on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $60.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $68.45.
Check Out Our Latest Analysis on TRNO
Terreno Realty Company Profile
(
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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