Raymond James Financial Inc. purchased a new stake in Terreno Realty Co. (NYSE:TRNO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 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 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp grew its stake in Terreno Realty by 39.3% during the 3rd quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust's stock worth $6,156,000 after buying an additional 25,988 shares during the last quarter. Barclays PLC grew its stake in Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock valued at $11,360,000 after purchasing an additional 96,380 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Terreno Realty by 22.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock valued at $115,475,000 after buying an additional 315,506 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Terreno Realty by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust's stock valued at $161,423,000 after buying an additional 8,940 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Terreno Realty in the 3rd quarter valued at about $225,000.
Terreno Realty Stock Performance
Shares of TRNO stock traded down $1.20 during mid-day trading on Thursday, hitting $65.14. 627,347 shares of the stock were exchanged, compared to its average volume of 853,610. The stock's fifty day simple moving average is $65.56 and its two-hundred day simple moving average is $63.88. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 33.93, a P/E/G ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a 12-month low of $53.78 and a 12-month high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23.
Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings data 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 return on equity of 5.20% and a net margin of 48.18%. On average, analysts forecast 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. Investors of record on Thursday, March 27th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Thursday, March 27th. Terreno Realty's dividend payout ratio is currently 102.08%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the company. Barclays reaffirmed an "equal weight" rating and issued a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $60.00 price objective for the company. BMO Capital Markets boosted their price objective on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. 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, Piper Sandler dropped their price target on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $69.36.
Check Out Our Latest Stock Analysis on TRNO
Terreno Realty Company 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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