Terreno Realty Co. (NYSE:TRNO) Stock Holdings Lowered by Susquehanna International Group LLP

Susquehanna International Group LLP trimmed its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 80.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,132 shares of the real estate investment trust’s stock after selling 195,631 shares during the period. Susquehanna International Group LLP’s holdings in Terreno Realty were worth $2,728,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mariner LLC boosted its stake in shares of Terreno Realty by 3.7% during the 4th quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust’s stock worth $264,000 after acquiring an additional 161 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Terreno Realty by 0.9% in the 4th quarter. First Trust Advisors LP now owns 30,612 shares of the real estate investment trust’s stock valued at $1,810,000 after purchasing an additional 271 shares during the period. Arizona State Retirement System raised its holdings in Terreno Realty by 1.0% during the 4th quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust’s stock worth $1,663,000 after buying an additional 276 shares during the period. Summit Investment Advisors Inc. lifted its stake in Terreno Realty by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,994 shares of the real estate investment trust’s stock valued at $591,000 after buying an additional 316 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 361 shares during the period.

Terreno Realty Stock Down 0.2 %

TRNO stock opened at $56.26 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The company has a 50-day moving average of $60.39 and a two-hundred day moving average of $61.64. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. Terreno Realty Co. has a 52-week low of $48.18 and a 52-week high of $71.63.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS 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, equities research analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TRNO shares. Piper Sandler cut their price target on shares of Terreno Realty from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and increased their target price for the company from $65.00 to $77.00 in a report on Friday, February 21st. BMO Capital Markets raised their target price on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. JMP Securities reissued a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $66.45.

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.