334,662 Shares in Terreno Realty Co. (NYSE:TRNO) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 334,662 shares of the real estate investment trust's stock, valued at approximately $19,792,000. Raymond James Financial Inc. owned 0.34% of Terreno Realty as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the stock. Manchester Capital Management LLC bought a new position in Terreno Realty in the fourth quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC grew its holdings in Terreno Realty by 176.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 361 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of 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 worth $45,000 after acquiring an additional 370 shares during the last quarter. FIL Ltd raised its stake in Terreno Realty by 45.3% in the 4th quarter. FIL Ltd now owns 1,213 shares of the real estate investment trust's stock valued at $72,000 after acquiring an additional 378 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Terreno Realty during the 4th quarter valued at $76,000.

Terreno Realty Price Performance

Shares of TRNO traded down $0.40 during mid-day trading on Friday, reaching $56.63. The company had a trading volume of 205,697 shares, compared to its average volume of 941,016. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 2.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The company's 50 day simple moving average is $62.28 and its 200 day simple moving average is $62.10. Terreno Realty Co. has a 1-year low of $48.18 and a 1-year high of $71.63.

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 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%. Analysts expect that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, March 27th. Terreno Realty's dividend payout ratio is currently 102.08%.

Analysts Set New Price Targets

TRNO has been the subject of several research analyst reports. Piper Sandler reduced their target price on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. JMP Securities restated a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. BMO Capital Markets lifted their price target on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Barclays decreased their price objective on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. Finally, The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Terreno Realty currently has an average rating of "Hold" and an average 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.