Davidson Investment Advisors Has $16.79 Million Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Davidson Investment Advisors decreased its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 6.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 283,937 shares of the real estate investment trust's stock after selling 20,635 shares during the period. Davidson Investment Advisors owned 0.28% of Terreno Realty worth $16,792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Peregrine Capital Management LLC purchased a new position in shares of Terreno Realty in the 4th quarter worth approximately $6,203,000. CIBC Asset Management Inc purchased a new position in shares of Terreno Realty in the fourth quarter valued at approximately $366,000. Congress Asset Management Co. lifted its stake in Terreno Realty by 72.0% in the fourth quarter. Congress Asset Management Co. now owns 449,093 shares of the real estate investment trust's stock worth $26,559,000 after acquiring an additional 188,060 shares during the last quarter. Manchester Capital Management LLC purchased a new position in Terreno Realty in the fourth quarter worth approximately $27,000. Finally, Rhumbline Advisers lifted its stake in Terreno Realty by 70.5% in the fourth quarter. Rhumbline Advisers now owns 342,345 shares of the real estate investment trust's stock worth $20,246,000 after acquiring an additional 141,612 shares during the last quarter.

Terreno Realty Stock Performance

Shares of TRNO traded up $0.26 during trading hours on Friday, reaching $67.08. 1,301,114 shares of the company's stock traded hands, compared to its average volume of 744,282. The business's fifty day simple moving average is $62.56 and its two-hundred day simple moving average is $64.03. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 34.94, a P/E/G ratio of 2.82 and a beta of 0.91. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23.

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 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%. Analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The company 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 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 2.92%. Terreno Realty's dividend payout ratio is 102.08%.

Analyst Ratings Changes

Several analysts have recently weighed in on TRNO shares. Piper Sandler reduced their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. JMP Securities reissued a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective on the stock. Scotiabank lowered their price target on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a research note on Friday, October 25th. Finally, BMO Capital Markets boosted their price objective 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $69.27.

About Terreno Realty

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.