Impax Asset Management Group plc Has $7.10 Million Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Impax Asset Management Group plc increased its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 9.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 120,000 shares of the real estate investment trust's stock after buying an additional 10,000 shares during the period. Impax Asset Management Group plc owned about 0.12% of Terreno Realty worth $7,097,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Huntington National Bank boosted its stake in Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust's stock valued at $171,000 after acquiring an additional 177 shares during the period. MML Investors Services LLC grew its stake in Terreno Realty by 6.1% during the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust's stock worth $291,000 after buying an additional 249 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Terreno Realty by 0.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust's stock valued at $8,050,000 after buying an additional 370 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Terreno Realty by 2,381.3% during the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 381 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Terreno Realty by 7.4% during the fourth quarter. Fifth Third Bancorp now owns 6,436 shares of the real estate investment trust's stock worth $381,000 after acquiring an additional 441 shares during the last quarter.

Remove Ads

Terreno Realty Price Performance

Shares of NYSE:TRNO traded down $0.07 during trading hours on Friday, hitting $67.79. 1,459,986 shares of the company's stock traded hands, compared to its average volume of 878,320. 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's fifty day simple moving average is $63.20 and its two-hundred day simple moving average is $64.04. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business 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 $0.49 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.89%. Terreno Realty's dividend payout ratio (DPR) is 102.08%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Piper Sandler cut their price objective 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. Barclays reiterated an "equal weight" rating and set a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. JMP Securities restated a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. BMO Capital Markets boosted their price target on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $69.27.

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.