Sumitomo Mitsui DS Asset Management Company Ltd Has $1.20 Million Stake in Terreno Realty Co. (NYSE:TRNO)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Terreno Realty Co. (NYSE:TRNO) by 6.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,355 shares of the real estate investment trust’s stock after purchasing an additional 1,215 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Terreno Realty were worth $1,204,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TRNO. Huntington National Bank grew its holdings in shares of Terreno Realty by 7.4% during the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 177 shares in the last quarter. MML Investors Services LLC boosted its position in Terreno Realty by 6.1% during the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 249 shares during the period. Creative Planning grew its stake in Terreno Realty by 7.0% during the 2nd quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock valued at $284,000 after acquiring an additional 312 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Terreno Realty by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust’s stock valued at $8,050,000 after purchasing an additional 370 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Terreno Realty by 2,381.3% in the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 381 shares in the last quarter.

Terreno Realty Price Performance

NYSE TRNO opened at $66.88 on Wednesday. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The company has a fifty day simple moving average of $61.68 and a 200 day simple moving average of $64.05. The company has a current ratio of 0.23, a quick ratio of 2.71 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.67 billion, a P/E ratio of 34.83, a P/E/G ratio of 2.85 and a beta of 0.91.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. On average, sell-side analysts predict that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 102.08%.

Analyst Ratings Changes

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

Terreno Realty Company 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.