Howland Capital Management LLC Has $7.30 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Howland Capital Management LLC reduced its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,344 shares of the real estate investment trust’s stock after selling 3,146 shares during the quarter. Howland Capital Management LLC owned about 0.12% of Terreno Realty worth $7,295,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Terreno Realty by 6.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,355 shares of the real estate investment trust’s stock worth $1,204,000 after buying an additional 1,215 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Terreno Realty by 1.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 107,959 shares of the real estate investment trust’s stock worth $6,385,000 after buying an additional 1,681 shares during the period. State of Alaska Department of Revenue grew its position in shares of Terreno Realty by 126.1% during the 4th quarter. State of Alaska Department of Revenue now owns 102,421 shares of the real estate investment trust’s stock worth $6,056,000 after buying an additional 57,124 shares during the period. Yousif Capital Management LLC acquired a new position in shares of Terreno Realty during the 4th quarter worth about $2,240,000. Finally, Alliance Wealth Advisors LLC UT grew its position in shares of Terreno Realty by 8.1% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,097 shares of the real estate investment trust’s stock worth $538,000 after buying an additional 682 shares during the period.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TRNO. Scotiabank decreased their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. Barclays reiterated an “equal weight” rating and issued a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. BMO Capital Markets started coverage on Terreno Realty in a research report on Tuesday, February 4th. They issued a “market perform” rating and a $71.00 price objective for the company. Piper Sandler decreased their price objective on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $68.27.

Terreno Realty Trading Down 0.5 %

NYSE:TRNO opened at $67.35 on Friday. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a quick ratio of 2.71, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $61.55 and a two-hundred day moving average price of $64.11. The company has a market cap of $6.72 billion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS 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%. As a group, analysts expect that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s payout ratio is presently 102.08%.

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.