Terreno Realty Co. (NYSE:TRNO) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its holdings in Terreno Realty Co. (NYSE:TRNO) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 178,760 shares of the real estate investment trust’s stock after buying an additional 2,755 shares during the period. Asset Management One Co. Ltd. owned 0.18% of Terreno Realty worth $10,561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRNO. FMR LLC lifted its stake in Terreno Realty by 16.4% in the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock worth $708,348,000 after purchasing an additional 1,496,666 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Terreno Realty by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock valued at $161,423,000 after purchasing an additional 8,940 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Terreno Realty by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock worth $115,475,000 after buying an additional 315,506 shares in the last quarter. Copeland Capital Management LLC boosted its stake in Terreno Realty by 7.1% during the fourth quarter. Copeland Capital Management LLC now owns 1,209,144 shares of the real estate investment trust’s stock worth $71,509,000 after buying an additional 79,701 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Terreno Realty by 59.8% in 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.

Terreno Realty Stock Performance

NYSE TRNO opened at $66.74 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 2.71. The company has a market cap of $6.66 billion, a P/E ratio of 34.76, a P/E/G ratio of 2.85 and a beta of 0.91. The stock has a 50-day moving average of $62.24 and a two-hundred day moving average of $64.00. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year high of $71.63.

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, topping 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 anticipate that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be issued a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 2.94%. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TRNO shares. Barclays reissued an “equal weight” rating and set a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price target for the company. Piper Sandler reduced their price target on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Scotiabank lowered 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. Finally, JMP Securities restated a “market outperform” rating and issued a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. Two 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’s stock. Based on data from MarketBeat, Terreno Realty presently has an average rating of “Hold” and a consensus target price of $68.45.

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.