Proficio Capital Partners LLC purchased a new stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,591 shares of the real estate investment trust's stock, valued at approximately $685,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MML Investors Services LLC increased its holdings 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 acquiring an additional 249 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of 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 valued at $33,000 after purchasing an additional 361 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings 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 worth $8,050,000 after purchasing an additional 370 shares during the period. Oppenheimer Asset Management Inc. increased 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 worth $685,000 after purchasing an additional 400 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Terreno Realty by 7.4% in the fourth quarter. Fifth Third Bancorp now owns 6,436 shares of the real estate investment trust's stock worth $381,000 after buying an additional 441 shares in the last quarter.
Terreno Realty Trading Down 1.6 %
Terreno Realty stock traded down $1.02 during mid-day trading on Tuesday, hitting $63.02. The company's stock had a trading volume of 89,676 shares, compared to its average volume of 859,191. The business has a 50 day moving average price of $65.89 and a 200-day moving average price of $63.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93.
Terreno Realty (NYSE:TRNO - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. As a group, analysts forecast that Terreno Realty Co. will post 2.64 EPS for the current year.
Terreno Realty Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Thursday, March 27th. Terreno Realty's dividend payout ratio (DPR) is presently 102.08%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $60.00 target price on the stock. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $65.00 to $77.00 in a report on Friday, February 21st. JMP Securities reaffirmed a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Scotiabank boosted their price target on shares of Terreno Realty from $64.00 to $68.00 and gave the stock a "sector perform" rating in a research note on Friday, February 28th. Finally, Piper Sandler lowered 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $69.09.
Read Our Latest Stock Analysis on Terreno Realty
Terreno Realty Profile
(
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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