Yousif Capital Management LLC bought a new position in Terreno Realty Co. (NYSE:TRNO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 37,883 shares of the real estate investment trust's stock, valued at approximately $2,240,000.
Several other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its position in Terreno Realty by 16.4% during the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock valued at $708,348,000 after buying an additional 1,496,666 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Terreno Realty by 339.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust's stock valued at $40,842,000 after buying an additional 472,125 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Terreno Realty by 59.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust's stock valued at $70,473,000 after buying an additional 394,436 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Terreno Realty by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock valued at $115,475,000 after buying an additional 315,506 shares in the last quarter. Finally, Barclays PLC increased its position in Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock valued at $11,360,000 after buying an additional 96,380 shares in the last quarter.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on TRNO. BMO Capital Markets raised their price objective on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday. JMP Securities reaffirmed a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday. Scotiabank reduced their price objective on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a research report on Friday, October 25th. Barclays reiterated an "equal weight" rating and set a $60.00 target price (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Finally, Piper Sandler cut their target price on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $68.45.
Check Out Our Latest Report on TRNO
Terreno Realty Stock Performance
Shares of TRNO stock traded down $0.59 on Friday, reaching $66.74. The stock had a trading volume of 617,736 shares, compared to its average volume of 883,655. The stock has a market cap of $6.66 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.71 and a current ratio of 0.23. The company has a 50 day simple moving average of $62.10 and a 200 day simple moving average of $64.07.
Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) 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%. Equities research analysts expect that Terreno Realty Co. will post 2.64 EPS for the current year.
Terreno Realty Dividend Announcement
The company 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 $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.94%. Terreno Realty's dividend payout ratio (DPR) is currently 102.08%.
Terreno Realty Profile
(
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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