65,851 Shares in Terreno Realty Co. (NYSE:TRNO) Purchased by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC purchased a new stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 65,851 shares of the real estate investment trust's stock, valued at approximately $3,894,000. Waterfront Capital Partners LLC owned approximately 0.07% of Terreno Realty as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TRNO. Mariner LLC increased its position in shares of Terreno Realty by 3.7% during the fourth quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust's stock valued at $264,000 after purchasing an additional 161 shares during the period. MML Investors Services LLC grew its position in 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 valued at $291,000 after acquiring an additional 249 shares during the period. First Trust Advisors LP grew its position in Terreno Realty by 0.9% in the fourth quarter. First Trust Advisors LP now owns 30,612 shares of the real estate investment trust's stock valued at $1,810,000 after acquiring an additional 271 shares during the period. Arizona State Retirement System grew its position in Terreno Realty by 1.0% in the fourth quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock valued at $1,663,000 after acquiring an additional 276 shares during the period. Finally, Summit Investment Advisors Inc. grew its position in Terreno Realty by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,994 shares of the real estate investment trust's stock valued at $591,000 after acquiring an additional 316 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TRNO shares. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and upped their price target for the company from $65.00 to $77.00 in a research note on Friday, February 21st. Scotiabank reduced their price target on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. JMP Securities reissued a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. Barclays cut their price objective on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Finally, Piper Sandler decreased their price objective on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $66.45.

Terreno Realty Stock Performance

Shares of TRNO stock traded down $0.19 during trading hours on Tuesday, hitting $56.69. The stock had a trading volume of 968,245 shares, compared to its average volume of 946,804. Terreno Realty Co. has a twelve month low of $48.18 and a twelve month high of $71.63. 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 stock's 50 day moving average is $61.86 and its 200 day moving average is $61.99. The firm has a market capitalization of $5.84 billion, a PE ratio of 29.53, a PEG ratio of 2.82 and a beta of 1.00.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results 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 return on equity of 5.20% and a net margin of 48.18%. As a group, research analysts forecast that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.46%. The ex-dividend date was Thursday, March 27th. Terreno Realty's dividend payout ratio (DPR) is presently 102.08%.

About Terreno Realty

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.