5,802 Shares in Terreno Realty Co. (NYSE:TRNO) Acquired by Duality Advisers LP

Duality Advisers LP acquired a new position in shares of Terreno Realty Co. (NYSE:TRNO) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,802 shares of the real estate investment trust’s stock, valued at approximately $364,000.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Terreno Realty by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock worth $677,009,000 after purchasing an additional 168,728 shares during the last quarter. FMR LLC raised its holdings in Terreno Realty by 10.3% in the 3rd quarter. FMR LLC now owns 5,260,376 shares of the real estate investment trust’s stock valued at $298,789,000 after acquiring an additional 493,182 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Terreno Realty by 0.9% in the 3rd quarter. Principal Financial Group Inc. now owns 4,475,199 shares of the real estate investment trust’s stock valued at $254,189,000 after acquiring an additional 39,020 shares during the last quarter. Invesco Ltd. raised its holdings in Terreno Realty by 11.1% in the 3rd quarter. Invesco Ltd. now owns 4,113,232 shares of the real estate investment trust’s stock valued at $233,632,000 after acquiring an additional 411,973 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Terreno Realty by 2.5% in the 3rd quarter. Northern Trust Corp now owns 1,352,836 shares of the real estate investment trust’s stock valued at $76,841,000 after acquiring an additional 32,391 shares during the last quarter.

Terreno Realty Stock Down 0.6 %

Shares of Terreno Realty stock opened at $54.13 on Friday. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 2.50 and a beta of 0.81. The company has a fifty day moving average price of $62.10 and a 200 day moving average price of $59.96. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.28. Terreno Realty Co. has a twelve month low of $50.42 and a twelve month high of $66.63.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. The firm had revenue of $86.48 million for the quarter, compared to analysts’ expectations of $84.06 million. Equities research analysts forecast that Terreno Realty Co. will post 2.42 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, March 28th were issued a $0.45 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 3.33%. Terreno Realty’s dividend payout ratio is currently 99.45%.

Analyst Upgrades and Downgrades

TRNO has been the subject of several analyst reports. Scotiabank boosted their price target on Terreno Realty from $64.00 to $66.00 and gave the company a “sector perform” rating in a report on Monday, February 12th. Mizuho boosted their price target on Terreno Realty from $52.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. StockNews.com upgraded Terreno Realty from a “sell” rating to a “hold” rating in a report on Saturday, March 23rd. Barclays began coverage on Terreno Realty in a report on Wednesday, March 27th. They set an “overweight” rating and a $71.00 price objective for the company. Finally, Piper Sandler upped their price objective on Terreno Realty from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Terreno Realty has an average rating of “Hold” and a consensus price target of $67.11.

Terreno Realty 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.