Victory Capital Management Inc. lifted its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,363 shares of the real estate investment trust's stock after buying an additional 5,991 shares during the period. Victory Capital Management Inc. owned about 0.05% of Terreno Realty worth $3,038,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Stifel Financial Corp boosted its position 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 period. Barclays PLC raised its stake in shares of Terreno Realty by 131.0% during the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock valued at $11,360,000 after acquiring 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% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock worth $115,475,000 after purchasing an additional 315,506 shares during the period. Geode Capital Management LLC raised its position in Terreno Realty by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust's stock worth $161,423,000 after purchasing an additional 8,940 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Terreno Realty during the 3rd quarter worth about $225,000.
Analyst Upgrades and Downgrades
TRNO has been the subject of several recent research reports. BMO Capital Markets increased their price target on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. JMP Securities reissued a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. Piper Sandler lowered their price target 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective on the stock. Finally, Barclays reissued an "equal weight" rating and set a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Two 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 MarketBeat, the company has a consensus rating of "Hold" and an average target price of $69.36.
Check Out Our Latest Report on TRNO
Terreno Realty Stock Down 1.8 %
Shares of TRNO stock traded down $1.20 on Thursday, reaching $65.14. 383,239 shares of the company were exchanged, compared to its average volume of 852,967. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The company has a 50-day moving average of $65.56 and a 200-day moving average of $63.88. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63.
Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 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%. Analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current year.
Terreno Realty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.01%. Terreno Realty's payout ratio is 102.08%.
Terreno Realty 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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