Terreno Realty Co. (NYSE:TRNO) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 13.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 51,363 shares of the real estate investment trust’s stock after acquiring an additional 5,991 shares during the quarter. Victory Capital Management Inc.’s holdings in Terreno Realty were worth $3,038,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in Terreno Realty by 2,381.3% during the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 381 shares during the period. Manchester Capital Management LLC purchased a new position in Terreno Realty in the fourth quarter worth approximately $27,000. Steward Partners Investment Advisory LLC lifted its stake in 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 acquiring an additional 361 shares during the last quarter. Huntington National Bank lifted its stake in Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 177 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Terreno Realty during the third quarter worth approximately $225,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TRNO. JMP Securities reissued a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective on the stock. Piper Sandler dropped their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group raised shares of Terreno Realty from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $77.00 in a research note on Friday, February 21st. Finally, Barclays restated an “equal weight” rating and set a $60.00 target price (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.36.

Terreno Realty Stock Performance

NYSE:TRNO opened at $66.35 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.62 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The firm’s 50 day moving average is $65.08 and its two-hundred day moving average is $63.89.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating 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%. Analysts expect that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

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.