TownSquare Capital LLC bought a new position in shares of Terreno Realty Co. (NYSE:TRNO – Get Rating) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,207 shares of the real estate investment trust’s stock, valued at approximately $534,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Terreno Realty by 19.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,997 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 1,660 shares during the period. Huntington National Bank boosted its position in shares of Terreno Realty by 137.5% during the fourth quarter. Huntington National Bank now owns 2,166 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 1,254 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Terreno Realty by 177.3% during the 4th quarter. Van ECK Associates Corp now owns 8,987 shares of the real estate investment trust’s stock worth $767,000 after buying an additional 5,746 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Terreno Realty during the 4th quarter valued at approximately $226,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Terreno Realty during the 4th quarter valued at approximately $6,116,000.
Terreno real estate shares rise 2.0%
Shares of NYSE TRNO opened at $56.47 on Monday. The stock has a market capitalization of $4.27 billion, a P/E ratio of 45.18 and a beta of 0.72. The company has a 50-day moving average price of $58.97 and a 200-day moving average price of $68.25. Terrain Realty Co. it has a one year low of $54.51 and a one year high of $86.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.43, and a quick ratio of 2.43.
Terreno Realty (NYSE: TRNO – Get Rating ) last announced its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.20). The company had revenue of $64.04 million during the quarter, compared to the consensus estimate of $62.16 million. Terreno Realty had a return on equity of 4.79% and a net margin of 38.50%. On average, equities research analysts anticipate that Terreno Realty Co. will post 1.92 EPS for the current fiscal year.
Terreno Realty announces dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were given a $0.34 dividend. This represents an annual dividend of $1.36 and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, June 29th. Terreno Realty’s dividend payout ratio (DPR) is currently 108.80%.
Changes in analysts’ estimates
Several analysts recently issued reports on TRNO shares. Jefferies Financial Group reduced their price objective on shares of Terreno Realty from $88.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Goldman Sachs Group decreased their price objective on shares of Terreno Realty from $79.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, June 16th. KeyCorp reduced their price objective on shares of Terreno Realty from $86.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 28th. Piper Sandler decreased their target price on shares of Terreno Realty to $73.00 in a research report on Monday, July 4th. Finally, TheStreet lowered shares of Terreno Realty from a “b” rating to a “c+” rating in a research report on Thursday, May 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Terreno Realty has a consensus rating of “Moderate Buy” and an average target price of $74.33, according to data from MarketBeat.
In other Terreno Realty news, CEO W Blake Baird purchased 1,000 shares of the stock in a transaction dated Monday, May 9th. The shares were purchased at an average price of $64.00 per share, for a total value of $64,000.00. Following the completion of the transaction, the chief executive officer now directly owns 588,376 shares in the company, valued at approximately $37,656,064. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Insiders own 2.40% of the company’s stock.
About Terreno Realty
Terreno Realty Corporation and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major US coastal 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 condensed notes to the consolidated financial statements are unaudited.
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