1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC lessened its holdings in shares of Terreno Realty Co. ( NYSE:TRNO – Free Report ) by 28.7% during the fourth quarter, HoldingsChannel reports.
The fund owned 6,695 shares of the real estate investment trust’s stock after selling 2,694 shares during the period. Orion Portfolio Solutions LLC’s holdings in Terreno Realty were worth $396,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock.
Vanguard Group Inc. raised its stake in shares of Terreno Realty by 10.8% during the 4th quarter.
Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock worth $902,293,000 after buying an additional 1,484,301 shares during the last quarter. Geode Capital Management LLC grew its position in Terreno Realty by 0.
4% during the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock valued at $161,423,000 after acquiring an additional 8,940 shares during the period. Charles Schwab Investment Management Inc.
raised its holdings in Terreno Realty by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 1,838,503 shares of the real estate investment trust’s stock valued at $108,729,000 after buying an additional 110,610 shares during the period. Thrivent Financial for Lutherans boosted its position in Terreno Realty by 1.2% during the 4th quarter.
Thrivent Financial for Lutherans now owns 1,288,168 shares of the real estate investment trust’s stock worth $76,183,000 after purchasing an additional 14,995 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Terreno Realty by 2.
8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,264,657 shares of the real estate investment trust’s stock valued at $74,792,000 after buying an additional 35,034 shares during the period.
Wall Street Analyst Weigh In A number of equities analysts have weighed in on the stock. JMP Securities reissued a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th.
Barclays lowered their price objective on shares of Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 25th.
Scotiabank cut their target price on Terreno Realty from $68.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Monday.
BMO Capital Markets boosted their price objective 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.
Finally, The Goldman Sachs Group raised shares of Terreno Realty from a “neutral” rating to a “buy” rating and raised their target price for the company from $65.00 to $77.00 in a research note on Friday, February 21st.
Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.
55. Terreno Realty Stock Performance Shares of TRNO opened at $50.97 on Wednesday.
Terreno Realty Co. has a one year low of $50.44 and a one year high of $71.
63. 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 stock has a market cap of $5.
25 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.82 and a beta of 1.
00. The company has a 50-day moving average of $64.96 and a two-hundred day moving average of $62.
99. Terreno Realty ( NYSE:TRNO – Get Free Report ) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.
62 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.24.
Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%.
On average, equities research analysts expect that Terreno Realty Co. will post 2.64 earnings per share for the current year.
Terreno Realty Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were issued a $0.49 dividend.
The ex-dividend date was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.
85%. Terreno Realty’s dividend payout ratio is currently 102.08%.
About Terreno Realty ( Free Report ) 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.
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