KLP Kapitalforvaltning AS bought a new position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 19,900 shares of the real estate investment trust's stock, valued at approximately $1,185,000.
Several other institutional investors have also recently added to or reduced their stakes in TRNO. MML Investors Services LLC increased its holdings in shares of Terreno Realty by 6.1% during the third 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 in the last quarter. Arizona State Retirement System boosted 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 worth $1,663,000 after purchasing an additional 276 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Terreno Realty by 176.1% during the fourth 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 during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of 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 in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Terreno Realty by 3.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 11,585 shares of the real estate investment trust's stock valued at $685,000 after buying an additional 400 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on TRNO. BMO Capital Markets raised 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 report on Wednesday, February 12th. Piper Sandler dropped 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. Barclays decreased their price objective on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. JMP Securities restated a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. Finally, Scotiabank raised their price target on Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $69.09.
Read Our Latest Report on TRNO
Terreno Realty Trading Down 9.4 %
Shares of TRNO stock traded down $6.02 on Thursday, reaching $57.87. The company had a trading volume of 1,544,813 shares, compared to its average volume of 877,603. The stock has a market cap of $5.96 billion, a PE ratio of 30.14, a PEG ratio of 2.82 and a beta of 0.93. The company has a 50-day moving average of $65.99 and a 200-day moving average of $63.48. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63.
Terreno Realty (NYSE:TRNO - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating 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%. On average, equities analysts forecast that Terreno Realty Co. will post 2.64 earnings per share for the current year.
Terreno Realty Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.39%. Terreno Realty's dividend payout ratio 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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