Swiss National Bank grew its holdings in Terreno Realty Co. (NYSE:TRNO) by 6.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 89,200 shares of the real estate investment trust’s stock after buying an additional 5,700 shares during the period. Swiss National Bank owned 0.16% of Terreno Realty worth $3,127,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in TRNO. Bronfman E.L. Rothschild L.P. grew its position in shares of Terreno Realty by 67.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 1,680 shares during the last quarter. Cavalier Investments LLC purchased a new position in shares of Terreno Realty during the third quarter valued at approximately $206,000. Sei Investments Co. lifted its stake in shares of Terreno Realty by 33,325.0% during the third quarter. Sei Investments Co. now owns 6,685 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 6,665 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Terreno Realty during the third quarter valued at approximately $250,000. Finally, SG Americas Securities LLC lifted its stake in shares of Terreno Realty by 28.2% during the third quarter. SG Americas Securities LLC now owns 7,557 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 1,664 shares during the period. 99.47% of the stock is owned by institutional investors and hedge funds.
Shares of Terreno Realty Co. (TRNO) traded up $0.11 on Wednesday, hitting $34.72. 328,931 shares of the stock traded hands, compared to its average volume of 318,327. The firm has a market cap of $1,938.65, a PE ratio of 31.77, a P/E/G ratio of 2.90 and a beta of 0.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.68 and a quick ratio of 1.68. Terreno Realty Co. has a 12 month low of $26.93 and a 12 month high of $38.54.
Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.09). The firm had revenue of $34.63 million during the quarter, compared to analysts’ expectations of $34.86 million. Terreno Realty had a return on equity of 5.45% and a net margin of 38.61%. equities research analysts forecast that Terreno Realty Co. will post 1.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, March 28th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Tuesday, March 27th. Terreno Realty’s dividend payout ratio is currently 92.63%.
A number of equities analysts have weighed in on the stock. B. Riley set a $36.00 price target on shares of Terreno Realty and gave the stock a “hold” rating in a research note on Monday, February 12th. Zacks Investment Research lowered shares of Terreno Realty from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Robert W. Baird set a $34.00 price target on shares of Terreno Realty and gave the company a “hold” rating in a report on Thursday, February 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $37.00 price target on shares of Terreno Realty in a report on Friday, February 16th. Finally, National Securities reissued a “buy” rating and set a $45.00 price objective on shares of Terreno Realty in a report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $37.73.
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Terreno Realty Profile
Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.
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