Davidson Investment Advisors Trims Stake in Terreno Realty Co. (NYSE:TRNO)

Davidson Investment Advisors lowered its stake in Terreno Realty Co. (NYSE:TRNO) by 6.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 283,937 shares of the real estate investment trust’s stock after selling 20,635 shares during the quarter. Davidson Investment Advisors owned approximately 0.28% of Terreno Realty worth $16,792,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRNO. FMR LLC lifted its stake in Terreno Realty by 16.4% in the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock valued at $708,348,000 after buying an additional 1,496,666 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Terreno Realty by 339.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust’s stock valued at $40,842,000 after buying an additional 472,125 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Terreno Realty by 59.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust’s stock valued at $70,473,000 after buying an additional 394,436 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Terreno Realty by 22.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock valued at $115,475,000 after buying an additional 315,506 shares in the last quarter. Finally, Congress Asset Management Co. lifted its stake in Terreno Realty by 72.0% in the 4th quarter. Congress Asset Management Co. now owns 449,093 shares of the real estate investment trust’s stock valued at $26,559,000 after buying an additional 188,060 shares in the last quarter.

Wall Street Analyst Weigh In

TRNO has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 target price on the stock. BMO Capital Markets increased their price target on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Piper Sandler reduced their price target on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. JMP Securities reissued a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. Finally, Scotiabank reduced their price target on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $68.45.

Terreno Realty Trading Down 0.9 %

TRNO stock opened at $66.74 on Tuesday. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 2.85 and a beta of 0.91. 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 fifty day simple moving average of $62.24 and a 200-day simple moving average of $64.00. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63.

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, topping analysts’ consensus estimates 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 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 2.94%. Terreno Realty’s dividend payout ratio is currently 102.08%.

About Terreno Realty

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.