Maryland State Retirement & Pension System acquired a new stake in Terreno Realty Co. (NYSE:TRNO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 33,587 shares of the real estate investment trust's stock, valued at approximately $1,986,000.
A number of other large investors have also bought and sold shares of TRNO. FMR LLC increased its holdings in Terreno Realty by 16.4% during the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock worth $708,348,000 after purchasing an additional 1,496,666 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Terreno Realty by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust's stock worth $161,423,000 after buying an additional 8,940 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Terreno Realty by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust's stock valued at $108,729,000 after buying an additional 110,610 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Terreno Realty by 1.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,288,168 shares of the real estate investment trust's stock valued at $76,183,000 after buying an additional 14,995 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its stake in Terreno Realty by 7.1% in the 4th quarter. Copeland Capital Management LLC now owns 1,209,144 shares of the real estate investment trust's stock valued at $71,509,000 after acquiring an additional 79,701 shares in the last quarter.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on TRNO shares. The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $65.00 to $77.00 in a report on Friday, February 21st. JMP Securities reiterated a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. Piper Sandler reduced 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 note on Thursday, February 6th. Barclays dropped their target price on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, BMO Capital Markets raised their price target on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $69.09.
Get Our Latest Stock Report on TRNO
Terreno Realty Stock Performance
Shares of TRNO stock traded down $1.12 during trading on Tuesday, reaching $62.92. 158,272 shares of the company's stock were exchanged, compared to its average volume of 859,191. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The firm's fifty day moving average price is $65.89 and its 200-day moving average price is $63.75. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.28 billion, a PE ratio of 32.86, a PEG ratio of 2.82 and a beta of 0.93.
Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current year.
Terreno Realty Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.12%. Terreno Realty's dividend payout ratio is currently 102.08%.
Terreno Realty 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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