Terreno Realty Co. (NYSE:TRNO) Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its holdings in Terreno Realty Co. (NYSE:TRNO) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 36,561 shares of the real estate investment trust’s stock after selling 734 shares during the period. Stephens Inc. AR’s holdings in Terreno Realty were worth $2,162,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TRNO. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Terreno Realty by 6.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,355 shares of the real estate investment trust’s stock valued at $1,204,000 after purchasing an additional 1,215 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Terreno Realty by 1.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 107,959 shares of the real estate investment trust’s stock worth $6,385,000 after buying an additional 1,681 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Terreno Realty by 126.1% in the 4th quarter. State of Alaska Department of Revenue now owns 102,421 shares of the real estate investment trust’s stock valued at $6,056,000 after buying an additional 57,124 shares during the period. Yousif Capital Management LLC purchased a new position in shares of Terreno Realty during the 4th quarter worth about $2,240,000. Finally, Alliance Wealth Advisors LLC UT lifted its holdings in shares of Terreno Realty by 8.1% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,097 shares of the real estate investment trust’s stock worth $538,000 after acquiring an additional 682 shares during the period.

Terreno Realty Stock Up 0.1 %

Shares of NYSE:TRNO opened at $66.88 on Wednesday. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The company has a 50 day moving average of $61.68 and a two-hundred day moving average of $64.05. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. The company has a quick ratio of 2.71, a current ratio of 0.23 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating 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%. As a group, analysts forecast that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Analyst Ratings Changes

Several brokerages recently commented on TRNO. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price target for the company. 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 report on Thursday, February 6th. Barclays reiterated an “equal weight” rating and issued a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. BMO Capital Markets began coverage on Terreno Realty in a research note on Tuesday, February 4th. They set a “market perform” rating and a $71.00 price target for the company. Finally, Scotiabank reduced their price objective on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $68.27.

Terreno Realty Company Profile

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.