Centersquare Investment Management LLC Purchases 6,667 Shares of Terreno Realty Co. (NYSE:TRNO)

Centersquare Investment Management LLC increased its position in Terreno Realty Co. (NYSE:TRNO) by 7.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 98,901 shares of the real estate investment trust’s stock after buying an additional 6,667 shares during the quarter. Centersquare Investment Management LLC’s holdings in Terreno Realty were worth $6,567,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Terreno Realty by 8.4% in the third quarter. Wellington Management Group LLP now owns 598,005 shares of the real estate investment trust’s stock worth $33,967,000 after purchasing an additional 46,475 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Terreno Realty by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock valued at $677,009,000 after acquiring an additional 168,728 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Terreno Realty during the 4th quarter valued at about $35,000. Dfpg Investments LLC bought a new position in Terreno Realty during the 4th quarter worth approximately $200,000. Finally, Raymond James Trust N.A. increased its stake in Terreno Realty by 6.9% in the 4th quarter. Raymond James Trust N.A. now owns 4,846 shares of the real estate investment trust’s stock worth $304,000 after purchasing an additional 313 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Mizuho raised their target price on shares of Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Barclays decreased their price objective on shares of Terreno Realty from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. Piper Sandler upped their price objective on shares of Terreno Realty from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. JMP Securities reissued a “market outperform” rating and issued a $65.00 target price on shares of Terreno Realty in a research note on Monday, May 13th. Finally, Scotiabank lowered their price target on Terreno Realty from $66.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $64.78.

Terreno Realty Stock Up 0.6 %

Shares of TRNO stock traded up $0.37 during midday trading on Friday, reaching $67.05. 300,258 shares of the stock were exchanged, compared to its average volume of 745,640. Terreno Realty Co. has a 1 year low of $50.42 and a 1 year high of $68.91. The firm has a market cap of $6.48 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 3.25 and a beta of 0.89. The company’s 50 day moving average is $59.01 and its two-hundred day moving average is $60.42. The company has a current ratio of 10.17, a quick ratio of 10.17 and a debt-to-equity ratio of 0.23.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.18). The firm had revenue of $85.03 million during the quarter, compared to analysts’ expectations of $86.56 million. Terreno Realty had a return on equity of 5.59% and a net margin of 49.12%. On average, equities research analysts predict that Terreno Realty Co. will post 2.28 EPS for the current year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 2.68%. Terreno Realty’s payout ratio is 93.75%.

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.