8,940 Shares in Terreno Realty Co. (NYSE:TRNO) Purchased by Cibc World Markets Corp

Cibc World Markets Corp purchased a new position in Terreno Realty Co. (NYSE:TRNO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,940 shares of the real estate investment trust’s stock, valued at approximately $529,000.

A number of other large investors also recently bought and sold shares of TRNO. FMR LLC raised its holdings in shares of Terreno Realty by 16.4% during the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock valued at $708,348,000 after acquiring an additional 1,496,666 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Terreno Realty by 6.4% during 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 acquiring an additional 110,610 shares during the last quarter. Copeland Capital Management LLC raised its holdings in shares of Terreno Realty by 7.1% during the fourth quarter. Copeland Capital Management LLC now owns 1,209,144 shares of the real estate investment trust’s stock valued at $71,509,000 after acquiring an additional 79,701 shares during the last quarter. Finally, Tandem Investment Advisors Inc. raised its holdings in shares of Terreno Realty by 5.1% during the fourth quarter. Tandem Investment Advisors Inc. now owns 1,081,224 shares of the real estate investment trust’s stock valued at $63,944,000 after acquiring an additional 52,785 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. BMO Capital Markets increased their target price on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Barclays reaffirmed an “equal weight” rating and issued a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. Piper Sandler cut their price target on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Scotiabank increased their price target on Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty presently has an average rating of “Hold” and a consensus target price of $69.36.

Terreno Realty Trading Down 4.1 %

Shares of Terreno Realty stock opened at $62.56 on Friday. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a 50 day moving average of $65.78 and a 200 day moving average of $63.81.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping 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, research analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.13%. 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.