Terreno Realty Co. (NYSE:TRNO) Short Interest Down 13.8% in February

Terreno Realty Co. (NYSE:TRNO) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 5,930,000 shares, a decrease of 13.8% from the February 13th total of 6,880,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is presently 4.4 days. Currently, 6.1% of the shares of the stock are sold short.

Institutional Trading of Terreno Realty

A number of hedge funds have recently made changes to their positions in TRNO. Wealth Enhancement Advisory Services LLC raised its position in Terreno Realty by 20.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,916 shares of the real estate investment trust’s stock valued at $350,000 after acquiring an additional 988 shares in the last quarter. Jefferies Financial Group Inc. raised its position in Terreno Realty by 83.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 18,252 shares of the real estate investment trust’s stock valued at $1,079,000 after acquiring an additional 8,282 shares in the last quarter. Mackenzie Financial Corp raised its position in Terreno Realty by 44.2% during the fourth quarter. Mackenzie Financial Corp now owns 6,532 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 2,001 shares in the last quarter. DigitalBridge Group Inc. raised its position in Terreno Realty by 9.7% during the fourth quarter. DigitalBridge Group Inc. now owns 119,889 shares of the real estate investment trust’s stock valued at $7,090,000 after acquiring an additional 10,600 shares in the last quarter. Finally, GF Fund Management CO. LTD. bought a new position in Terreno Realty during the fourth quarter valued at approximately $104,000.

Terreno Realty Trading Up 0.3 %

Shares of TRNO traded up $0.21 during midday trading on Wednesday, hitting $66.72. The stock had a trading volume of 329,624 shares, compared to its average volume of 851,775. Terreno Realty has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The business has a 50-day simple moving average of $65.41 and a two-hundred day simple moving average of $63.87. The firm has a market cap of $6.66 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last posted 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 net margin of 48.18% and a return on equity of 5.20%. As a group, equities analysts forecast that Terreno Realty will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

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 given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Scotiabank increased 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective for the company. Barclays restated an “equal weight” rating and set a $60.00 price objective (down previously from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. BMO Capital Markets raised their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Finally, Piper Sandler reduced their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.36.

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.