Legal & General Group Plc Purchases 102,848 Shares of Terreno Realty Corporation $TRNO

Legal & General Group Plc lifted its position in Terreno Realty Corporation (NYSE:TRNO) by 11.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,036,069 shares of the real estate investment trust’s stock after acquiring an additional 102,848 shares during the period. Legal & General Group Plc’s holdings in Terreno Realty were worth $60,828,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. boosted its position in Terreno Realty by 16.5% during the third quarter. Bessemer Group Inc. now owns 564,695 shares of the real estate investment trust’s stock worth $32,046,000 after purchasing an additional 79,964 shares during the period. DigitalBridge Group Inc. boosted its position in Terreno Realty by 29.0% during the third quarter. DigitalBridge Group Inc. now owns 346,700 shares of the real estate investment trust’s stock worth $18,649,000 after purchasing an additional 78,000 shares during the period. Delphi Management Inc. MA bought a new position in Terreno Realty during the fourth quarter worth $1,238,000. Principal Financial Group Inc. boosted its position in Terreno Realty by 7.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,208,471 shares of the real estate investment trust’s stock worth $70,950,000 after purchasing an additional 81,444 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Terreno Realty by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 1,252,479 shares of the real estate investment trust’s stock worth $71,078,000 after purchasing an additional 159,104 shares during the period.

Terreno Realty Stock Down 1.7%

TRNO opened at $65.73 on Friday. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $67.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $6.99 billion, a P/E ratio of 16.07 and a beta of 1.06. The stock has a fifty day moving average of $64.66 and a 200-day moving average of $63.10.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.36. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%.The company had revenue of $124.44 million during the quarter, compared to the consensus estimate of $122.60 million. On average, equities analysts expect that Terreno Realty Corporation will post 2.79 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. Terreno Realty’s dividend payout ratio (DPR) is currently 50.86%.

Analyst Ratings Changes

TRNO has been the subject of a number of research analyst reports. iA Financial set a $75.00 price objective on shares of Terreno Realty in a research report on Friday, February 6th. Weiss Ratings raised shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Citizens Jmp lifted their price objective on shares of Terreno Realty from $66.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Friday, February 6th. UBS Group set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 9th. Finally, Scotiabank lifted their price objective on shares of Terreno Realty from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.57.

Terreno Realty Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.