Centiva Capital LP Boosts Stock Position in Terreno Realty Co. (NYSE:TRNO)

Centiva Capital LP increased its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 49.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,531 shares of the real estate investment trust’s stock after acquiring an additional 3,461 shares during the period. Centiva Capital LP’s holdings in Terreno Realty were worth $623,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Terreno Realty by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock worth $902,293,000 after purchasing an additional 1,484,301 shares in the last quarter. FMR LLC grew its holdings in shares of Terreno Realty by 5.9% during the fourth quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust’s stock worth $663,987,000 after buying an additional 628,116 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Terreno Realty by 4.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,145,502 shares of the real estate investment trust’s stock valued at $304,305,000 after buying an additional 210,696 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Terreno Realty by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust’s stock worth $144,031,000 after buying an additional 19,900 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Terreno Realty by 51.6% during the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust’s stock worth $109,150,000 after acquiring an additional 628,065 shares during the last quarter.

Terreno Realty Trading Up 1.2 %

Shares of TRNO stock opened at $57.13 on Friday. The company has a 50-day moving average of $59.96 and a two-hundred day moving average of $61.55. The firm has a market cap of $5.89 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. Terreno Realty Co. has a 1-year low of $48.18 and a 1-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.

Terreno Realty (NYSE:TRNO) last posted 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 net margin of 48.18% and a return on equity of 5.20%. On average, analysts predict that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.43%. Terreno Realty’s payout ratio is presently 102.08%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRNO. StockNews.com upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a report on Friday. 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 note on Wednesday, February 12th. Piper Sandler cut their target price on Terreno Realty from $61.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price target on the stock. Finally, Scotiabank cut their price objective on shares of Terreno Realty from $68.00 to $57.00 and set a “sector perform” rating for the company in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $66.45.

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.