Thrivent Financial for Lutherans raised its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,288,168 shares of the real estate investment trust's stock after purchasing an additional 14,995 shares during the quarter. Thrivent Financial for Lutherans owned 1.29% of Terreno Realty worth $76,183,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Assetmark Inc. boosted its position 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 buying an additional 381 shares during the last quarter. Manchester Capital Management LLC purchased a new position in Terreno Realty during the 4th quarter worth $27,000. Steward Partners Investment Advisory LLC grew its stake in shares of 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 worth $33,000 after acquiring an additional 361 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Terreno Realty in the fourth quarter valued at about $202,000. Finally, KBC Group NV raised its holdings in shares of Terreno Realty by 40.7% in the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock valued at $217,000 after purchasing an additional 1,059 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TRNO. Scotiabank upped their price objective on shares of Terreno Realty from $64.00 to $68.00 and gave the stock a "sector perform" rating in a research report on Friday, February 28th. Barclays reaffirmed an "equal weight" rating and issued a $60.00 target price (down from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Piper Sandler dropped their price target on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. BMO Capital Markets upped their price objective 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. Finally, JMP Securities reiterated a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Terreno Realty presently has a consensus rating of "Hold" and an average target price of $69.36.
View Our Latest Analysis on Terreno Realty
Terreno Realty Stock Performance
TRNO traded down $2.67 during trading hours on Friday, hitting $62.56. The stock had a trading volume of 1,946,709 shares, compared to its average volume of 859,334. The stock has a market cap of $6.24 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The company's fifty day simple moving average is $65.78 and its 200 day simple moving average is $63.81.
Terreno Realty (NYSE:TRNO - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share 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%. Equities analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current year.
Terreno Realty Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.13%. Terreno Realty's dividend payout ratio is currently 102.08%.
About Terreno Realty
(
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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