Corient Private Wealth LLC boosted its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 327.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,968 shares of the real estate investment trust's stock after acquiring an additional 17,596 shares during the quarter. Corient Private Wealth LLC's holdings in Terreno Realty were worth $1,358,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of TRNO. Manchester Capital Management LLC acquired a new position in shares of Terreno Realty in the fourth quarter worth $27,000. Steward Partners Investment Advisory LLC raised its stake in shares of Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 361 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Terreno Realty during the 4th quarter valued at about $202,000. KBC Group NV grew its stake in shares of Terreno Realty by 40.7% in the 4th quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock valued at $217,000 after buying an additional 1,059 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Terreno Realty in the 3rd quarter valued at approximately $225,000.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on TRNO shares. Barclays reduced their target price on shares of 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 lifted their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Piper Sandler lowered their target price on shares of Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price target for the company. Finally, JMP Securities reissued a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Terreno Realty has a consensus rating of "Hold" and an average price target of $69.09.
View Our Latest Stock Analysis on TRNO
Terreno Realty Stock Performance
Shares of TRNO traded down $0.42 during mid-day trading on Friday, hitting $62.68. The company's stock had a trading volume of 513,906 shares, compared to its average volume of 876,616. The stock's 50-day moving average is $66.11 and its two-hundred day moving average is $63.63. The firm has a market capitalization of $6.46 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. 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 one year low of $53.78 and a one year high of $71.63.
Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. As a group, sell-side analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current year.
Terreno Realty Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty's dividend payout ratio (DPR) is presently 102.08%.
Terreno Realty Company Profile
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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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