Vanguard Group Inc. raised its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,256,900 shares of the real estate investment trust's stock after acquiring an additional 1,484,301 shares during the period. Vanguard Group Inc. owned approximately 15.29% of Terreno Realty worth $902,293,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Terreno Realty by 16.4% in the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock worth $708,348,000 after purchasing an additional 1,496,666 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $161,423,000 after buying an additional 8,940 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Terreno Realty by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust's stock worth $108,729,000 after acquiring an additional 110,610 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Terreno Realty by 1.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,288,168 shares of the real estate investment trust's stock worth $76,183,000 after acquiring an additional 14,995 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its position in shares of Terreno Realty by 7.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,209,144 shares of the real estate investment trust's stock valued at $71,509,000 after acquiring an additional 79,701 shares during the last quarter.
Wall Street Analyst Weigh In
TRNO has been the topic of several research reports. BMO Capital Markets boosted their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Scotiabank upped their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, February 28th. Barclays dropped their price target on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and upped their price objective for the company from $65.00 to $77.00 in a research report on Friday, February 21st. Finally, Piper Sandler dropped their target price on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $69.09.
Read Our Latest Research Report on Terreno Realty
Terreno Realty Trading Down 0.9 %
TRNO stock traded down $0.55 during midday trading on Wednesday, reaching $62.82. The company's stock had a trading volume of 65,968 shares, compared to its average volume of 869,856. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.82 and a beta of 0.93. The stock has a fifty day simple moving average of $66.13 and a two-hundred day simple moving average of $63.52. 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 posted its quarterly 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%. On average, equities research analysts predict that Terreno Realty Co. will post 2.64 EPS for the current year.
Terreno Realty Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 dividend yield of 3.12%. The ex-dividend date is Thursday, March 27th. Terreno Realty's dividend payout ratio is presently 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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