Terreno Realty Co. (NYSE:TRNO) Holdings Raised by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co increased its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 69.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 234,493 shares of the real estate investment trust's stock after purchasing an additional 96,101 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.24% of Terreno Realty worth $13,869,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mariner LLC grew its stake in shares of Terreno Realty by 3.7% in the 4th quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust's stock worth $264,000 after buying an additional 161 shares during the last quarter. MML Investors Services LLC boosted its position in shares of Terreno Realty by 6.1% in the third quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust's stock worth $291,000 after purchasing an additional 249 shares during the period. Arizona State Retirement System grew its position in shares of Terreno Realty by 1.0% during the fourth quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock worth $1,663,000 after purchasing an additional 276 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in Terreno Realty by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,994 shares of the real estate investment trust's stock worth $591,000 after purchasing an additional 316 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in Terreno Realty by 176.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 361 shares during the last quarter.

Analysts Set New Price Targets

TRNO has been the subject of several analyst reports. Barclays lowered their target price on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 target price on the stock. Piper Sandler cut their price target on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Scotiabank lowered their price target on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. Finally, BMO Capital Markets upped 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $66.45.

Terreno Realty Trading Up 0.1 %

Shares of Terreno Realty stock traded up $0.06 on Thursday, reaching $57.00. The company had a trading volume of 1,163,758 shares, compared to its average volume of 904,438. The firm's 50 day moving average price is $62.47 and its two-hundred day moving average price is $62.16. Terreno Realty Co. has a 52-week low of $48.18 and a 52-week 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. The firm has a market cap of $5.87 billion, a PE ratio of 29.69, a PEG ratio of 2.82 and a beta of 1.00.

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 EPS for the quarter, beating 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%. Sell-side analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.44%. Terreno Realty's payout ratio is 102.08%.

Terreno Realty 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.