Amalgamated Bank Grows Position in Terreno Realty Co. (NYSE:TRNO)

Amalgamated Bank boosted its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 819.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,987 shares of the real estate investment trust's stock after purchasing an additional 25,833 shares during the quarter. Amalgamated Bank's holdings in Terreno Realty were worth $1,714,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TRNO. Assetmark Inc. increased 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 worth $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 4th quarter worth about $27,000. International Assets Investment Management LLC increased its stake in Terreno Realty by 6,580.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock worth $67,000 after buying an additional 987 shares in the last quarter. Huntington National Bank raised its holdings in shares of Terreno Realty by 7.4% during the third 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. Finally, Financial Advocates Investment Management purchased a new position in shares of Terreno Realty in the third quarter valued at approximately $205,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and raised their price objective for the company from $65.00 to $77.00 in a report on Friday, February 21st. Barclays reissued an "equal weight" rating and issued a $60.00 price target (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. BMO Capital Markets upped their price objective on shares of 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 issued a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Finally, Piper Sandler lowered their target price on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $69.36.

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Terreno Realty Trading Down 0.2 %

NYSE TRNO traded down $0.13 during trading hours on Thursday, reaching $68.37. The company had a trading volume of 413,387 shares, compared to its average volume of 885,639. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.82 billion, a P/E ratio of 35.61, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The stock has a 50-day moving average of $63.91 and a 200 day moving average of $64.02. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year high of $71.63.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. As a group, research analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The company 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 dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.87%. The ex-dividend date is Thursday, March 27th. Terreno Realty's payout ratio is 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.