Terreno Realty Co. (NYSE:TRNO) Shares Acquired by Easterly Investment Partners LLC

Easterly Investment Partners LLC raised its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 168.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 106,855 shares of the real estate investment trust's stock after acquiring an additional 67,049 shares during the period. Easterly Investment Partners LLC owned 0.11% of Terreno Realty worth $6,319,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TRNO. Stifel Financial Corp increased its stake in Terreno Realty by 39.3% during the third quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust's stock worth $6,156,000 after acquiring an additional 25,988 shares during the last quarter. Barclays PLC increased its position in Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock worth $11,360,000 after purchasing an additional 96,380 shares in the last quarter. Geode Capital Management LLC raised its holdings in Terreno Realty by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust's stock valued at $161,423,000 after buying an additional 8,940 shares during the period. Verition Fund Management LLC acquired a new position in Terreno Realty during the third quarter valued at approximately $225,000. Finally, HighTower Advisors LLC purchased a new stake in Terreno Realty during the third quarter worth approximately $255,000.

Terreno Realty Stock Up 0.6 %

Shares of TRNO stock traded up $0.36 during mid-day trading on Monday, reaching $63.09. 182,269 shares of the company were exchanged, compared to its average volume of 873,967. The business's 50 day simple moving average is $66.11 and its 200 day simple moving average is $63.60. The company has a market capitalization of $6.50 billion, a P/E ratio of 32.85, a P/E/G ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23.

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Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly 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%. Research analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Thursday, March 27th. Terreno Realty's dividend payout ratio is currently 102.08%.

Analyst Ratings Changes

A number of equities analysts have recently commented on TRNO shares. JMP Securities reissued a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Piper Sandler cut their price objective on 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 initiated coverage on Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 target price for the company. Scotiabank raised their target price on Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a report on Friday, February 28th. Finally, 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 report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Terreno Realty has an average rating of "Hold" and an average target price of $69.09.

Terreno Realty Company 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.