Proficio Capital Partners LLC purchased a new stake in Terreno Realty Co. (NYSE:TRNO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,591 shares of the real estate investment trust's stock, valued at approximately $685,000.
A number of other hedge funds also recently made changes to their positions in the business. Assetmark Inc. lifted its stake in Terreno Realty by 2,381.3% during the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 381 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in shares of Terreno Realty during the 4th quarter valued at $27,000. Huntington National Bank lifted its position in shares of Terreno Realty by 7.4% during the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust's stock valued at $171,000 after acquiring an additional 177 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Terreno Realty during the 3rd quarter worth $225,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Terreno Realty in the 4th quarter worth $202,000.
Terreno Realty Stock Performance
TRNO stock traded down $1.79 during mid-day trading on Thursday, reaching $65.06. 519,661 shares of the stock traded hands, compared to its average volume of 902,831. 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 50-day moving average of $64.77 and a two-hundred day moving average of $63.99. The firm has a market capitalization of $6.49 billion, a PE ratio of 33.89, a P/E/G ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63.
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 (EPS) 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, equities analysts predict that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.
Terreno Realty Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, March 27th. Terreno Realty's payout ratio is presently 102.08%.
Analyst Upgrades and Downgrades
TRNO has been the subject of several analyst reports. BMO Capital Markets upped their target price on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Piper Sandler decreased their target price on shares of Terreno Realty from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and boosted their price target for the company from $65.00 to $77.00 in a report on Friday, February 21st. JMP Securities restated a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. Finally, Scotiabank lifted their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $69.36.
View Our Latest Stock Analysis on Terreno Realty
About Terreno Realty
(
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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