Terreno Realty Co. (NYSE:TRNO) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,642 shares of the real estate investment trust's stock after acquiring an additional 5,466 shares during the period. Envestnet Asset Management Inc. owned 0.33% of Terreno Realty worth $19,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. MML Investors Services LLC boosted its position in shares of Terreno Realty by 6.1% in the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust's stock valued at $291,000 after purchasing an additional 249 shares during the period. Arizona State Retirement System lifted its stake in Terreno Realty by 1.0% in the fourth quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock valued at $1,663,000 after buying an additional 276 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 361 shares during the period. DF Dent & Co. Inc. grew its position in shares of Terreno Realty by 1.2% during the fourth quarter. DF Dent & Co. Inc. now owns 34,254 shares of the real estate investment trust's stock worth $2,026,000 after acquiring an additional 397 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Terreno Realty by 3.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,585 shares of the real estate investment trust's stock valued at $685,000 after acquiring an additional 400 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRNO. Barclays dropped their price objective on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Piper Sandler dropped their target price on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $60.00 price target for the company. BMO Capital Markets raised their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Finally, JMP Securities restated a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $66.45.

Terreno Realty Price Performance

NYSE:TRNO traded up $0.92 during mid-day trading on Friday, hitting $57.65. 1,072,632 shares of the company's stock traded hands, compared to its average volume of 900,701. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $5.94 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. The firm's 50 day simple moving average is $63.09 and its 200 day simple moving average is $62.32. Terreno Realty Co. has a 1 year low of $48.18 and a 1 year high of $71.63.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were given a $0.49 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.40%. Terreno Realty's dividend payout ratio is currently 102.08%.

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.