Congress Wealth Management LLC DE Purchases 141,450 Shares of Terreno Realty Co. (NYSE:TRNO)

Congress Wealth Management LLC DE increased its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 383.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,332 shares of the real estate investment trust's stock after buying an additional 141,450 shares during the quarter. Congress Wealth Management LLC DE owned 0.18% of Terreno Realty worth $10,547,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRNO. FMR LLC grew its position in shares of Terreno Realty by 16.4% in the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock worth $708,348,000 after buying an additional 1,496,666 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Terreno Realty by 10.8% in the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock valued at $902,293,000 after acquiring an additional 1,484,301 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Terreno Realty by 339.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust's stock valued at $40,842,000 after purchasing an additional 472,125 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Terreno Realty by 59.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust's stock worth $70,473,000 after purchasing an additional 394,436 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Terreno Realty by 58.3% in the 4th quarter. Bank of New York Mellon Corp now owns 948,090 shares of the real estate investment trust's stock worth $56,070,000 after purchasing an additional 349,060 shares in the last quarter.

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Terreno Realty Stock Performance

Shares of NYSE TRNO traded down $0.42 during trading on Friday, reaching $62.68. 513,906 shares of the company traded hands, compared to its average volume of 876,616. The firm has a 50 day simple moving average of $66.11 and a 200-day simple moving average of $63.63. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. The stock has a market capitalization of $6.46 billion, a PE ratio of 32.64, a P/E/G ratio of 2.82 and a beta of 0.93. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24.

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

Terreno Realty Announces Dividend

The firm 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 $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Thursday, March 27th. Terreno Realty's payout ratio is 102.08%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and increased their price target for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Barclays lowered their target price on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research note on Tuesday. BMO Capital Markets upped their price target on 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 lowered their price objective on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Finally, Scotiabank boosted their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a report on Friday, February 28th. Two research 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, the company has a consensus rating of "Hold" and an average price target 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.