Congress Asset Management Co. Has $26.56 Million Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Congress Asset Management Co. boosted its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 72.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 449,093 shares of the real estate investment trust's stock after acquiring an additional 188,060 shares during the period. Congress Asset Management Co. owned about 0.45% of Terreno Realty worth $26,559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in Terreno Realty during the 3rd quarter worth $26,000. Assetmark Inc. raised its stake in shares of 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 in the last quarter. Manchester Capital Management LLC acquired a new stake in Terreno Realty in the fourth quarter worth about $27,000. International Assets Investment Management LLC grew its position in Terreno Realty by 6,580.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 987 shares in the last quarter. Finally, Huntington National Bank increased its stake in 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 buying an additional 177 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Scotiabank reduced their price target on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a research note on Friday, October 25th. BMO Capital Markets upped their target price on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Terreno Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $60.00 price target on the stock. Piper Sandler cut their price objective on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $68.45.

Terreno Realty Trading Down 0.2 %

Shares of NYSE:TRNO traded down $0.15 during midday trading on Thursday, reaching $66.84. The company had a trading volume of 505,576 shares, compared to its average volume of 857,790. The company has a fifty day simple moving average of $62.48 and a two-hundred day simple moving average of $64.01. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 2.83 and a beta of 0.91. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year 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 announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 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%. Research analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.93%. The ex-dividend date is Thursday, March 27th. Terreno Realty's dividend payout ratio (DPR) is currently 102.08%.

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.