Price T Rowe Associates Inc. MD Lowers Stock Position in Terreno Realty Co. (NYSE:TRNO)

Price T Rowe Associates Inc. MD decreased its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,634,804 shares of the real estate investment trust's stock after selling 657,076 shares during the quarter. Price T Rowe Associates Inc. MD owned about 3.64% of Terreno Realty worth $214,964,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRNO. Manchester Capital Management LLC acquired a new stake in Terreno Realty during the fourth quarter worth $27,000. Steward Partners Investment Advisory LLC lifted its stake in Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 361 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Terreno Realty by 94.6% during the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 370 shares during the period. State of Tennessee Department of Treasury acquired a new position in Terreno Realty in the 4th quarter valued at about $71,000. Finally, FIL Ltd increased its stake in Terreno Realty by 45.3% during the fourth quarter. FIL Ltd now owns 1,213 shares of the real estate investment trust's stock worth $72,000 after purchasing an additional 378 shares during the period.

Terreno Realty Stock Up 0.5 %

Terreno Realty stock traded up $0.31 during mid-day trading on Monday, hitting $56.92. The company had a trading volume of 872,483 shares, compared to its average volume of 904,824. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 2.82 and a beta of 1.00. Terreno Realty Co. has a 1 year low of $48.18 and a 1 year high of $71.63. 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 business has a fifty day moving average of $61.86 and a 200 day moving average of $61.99.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly 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, sell-side analysts expect that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were paid a $0.49 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.44%. Terreno Realty's dividend payout ratio is currently 102.08%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TRNO shares. Piper Sandler reduced their price target on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. JMP Securities reissued a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. Barclays reduced their price target on shares of 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. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and increased their price target for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. Finally, Scotiabank reduced their price target on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $66.45.

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.