Proficio Capital Partners LLC Invests $685,000 in Terreno Realty Co. (NYSE:TRNO)

Proficio Capital Partners LLC bought a new position in Terreno Realty Co. (NYSE:TRNO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 11,591 shares of the real estate investment trust’s stock, valued at approximately $685,000.

Several other institutional investors have also recently made changes to their positions in the company. Manchester Capital Management LLC purchased a new position in Terreno Realty during the fourth quarter valued at $27,000. Steward Partners Investment Advisory LLC raised its stake in Terreno Realty by 176.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 361 shares during the last quarter. Verition Fund Management LLC purchased a new position in Terreno Realty during the third quarter valued at $225,000. Los Angeles Capital Management LLC purchased a new position in Terreno Realty during the fourth quarter valued at $202,000. Finally, KBC Group NV raised its stake in Terreno Realty by 40.7% during the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 1,059 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have issued reports on TRNO. Piper Sandler lowered their price objective on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. BMO Capital Markets boosted their price target on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price target for the company. Scotiabank boosted their price target on Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Friday, February 28th. Finally, JMP Securities restated a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $69.36.

Terreno Realty Price Performance

NYSE:TRNO opened at $62.56 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $6.24 billion, a P/E ratio of 32.58, a P/E/G ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The business’s 50-day moving average is $65.78 and its 200 day moving average is $63.81.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.13%. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

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.