Dimensional Fund Advisors LP Has $84.94 Million Stake in Terreno Realty Co. (NYSE:TRNO)

Dimensional Fund Advisors LP grew its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,436,210 shares of the real estate investment trust’s stock after purchasing an additional 38,775 shares during the period. Dimensional Fund Advisors LP’s holdings in Terreno Realty were worth $84,938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC raised its position in Terreno Realty by 131.0% in the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock valued at $11,360,000 after buying an additional 96,380 shares during the last quarter. Tidal Investments LLC increased its stake in Terreno Realty by 15.9% in the 3rd quarter. Tidal Investments LLC now owns 61,852 shares of the real estate investment trust’s stock valued at $4,134,000 after buying an additional 8,490 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Terreno Realty by 20.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 29,884 shares of the real estate investment trust’s stock worth $1,767,000 after buying an additional 5,015 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in shares of Terreno Realty by 48.0% in the 4th quarter. Diversify Wealth Management LLC now owns 7,341 shares of the real estate investment trust’s stock worth $425,000 after buying an additional 2,382 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Terreno Realty during the fourth quarter valued at approximately $444,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TRNO. BMO Capital Markets raised their target price on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Piper Sandler reduced their target price on shares of Terreno Realty from $61.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price target on the stock. JMP Securities restated a “market outperform” rating and issued a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Finally, Barclays decreased their price objective on Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating for the company in a report on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Terreno Realty has an average rating of “Hold” and an average price target of $66.45.

Terreno Realty Stock Performance

NYSE TRNO opened at $56.69 on Wednesday. The company’s 50 day simple moving average is $61.66 and its two-hundred day simple moving average is $61.96. The stock has a market capitalization of $5.84 billion, a PE ratio of 29.53, a P/E/G ratio of 2.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. Terreno Realty Co. has a 1 year low of $44.44 and a 1 year high of $71.63.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. Analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Thursday, March 27th. Terreno Realty’s dividend payout ratio is currently 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.