Knights of Columbus Asset Advisors LLC Decreases Holdings in Terreno Realty Co. (NYSE:TRNO)

Knights of Columbus Asset Advisors LLC lessened its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 26.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,919 shares of the real estate investment trust's stock after selling 24,772 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.07% of Terreno Realty worth $4,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp raised 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 valued at $6,156,000 after purchasing an additional 25,988 shares in the last quarter. Barclays PLC raised its position in shares of Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock valued at $11,360,000 after buying an additional 96,380 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Terreno Realty by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock valued at $115,475,000 after buying an additional 315,506 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Terreno Realty by 0.4% in the 3rd 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 acquiring an additional 8,940 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Terreno Realty in the third quarter worth about $225,000.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TRNO shares. Barclays lowered their price objective on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $60.00 price objective on the stock. 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 report on Wednesday, February 12th. Piper Sandler cut their price target on shares of Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Finally, The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Terreno Realty presently has a consensus rating of "Hold" and an average target price of $69.09.

Terreno Realty Stock Down 1.2 %

Shares of TRNO stock traded down $0.80 during mid-day trading on Tuesday, hitting $63.25. The stock had a trading volume of 222,117 shares, compared to its average volume of 859,191. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The firm's 50-day moving average is $65.89 and its two-hundred day moving average is $63.75. The firm has a market capitalization of $6.31 billion, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. 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 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%. On average, analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given 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 3.10%. Terreno Realty's dividend payout ratio (DPR) is presently 102.08%.

Terreno Realty 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.