Terreno Realty Co. (NYSE:TRNO) Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,500 shares of the real estate investment trust's stock after acquiring an additional 13,821 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.08% of Terreno Realty worth $4,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mariner LLC lifted its position in shares of Terreno Realty by 3.7% in the 4th quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust's stock worth $264,000 after purchasing an additional 161 shares during the period. First Trust Advisors LP increased its holdings in shares of Terreno Realty by 0.9% in the 4th quarter. First Trust Advisors LP now owns 30,612 shares of the real estate investment trust's stock valued at $1,810,000 after acquiring an additional 271 shares during the period. Arizona State Retirement System lifted its stake in shares of Terreno Realty by 1.0% during the 4th quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock worth $1,663,000 after purchasing an additional 276 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in Terreno Realty by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,994 shares of the real estate investment trust's stock valued at $591,000 after purchasing an additional 316 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Terreno Realty by 176.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 361 shares during the last quarter.

Terreno Realty Stock Performance

Shares of TRNO stock traded up $0.68 during trading hours on Friday, hitting $57.13. The company's stock had a trading volume of 1,096,549 shares, compared to its average volume of 921,176. The stock 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 12-month low of $48.18 and a 12-month high of $71.63. The company has a 50 day moving average of $59.96 and a 200 day moving average of $61.54. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS 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, sell-side analysts forecast that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, June 27th. Terreno Realty's dividend payout ratio (DPR) is 102.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JMP Securities reissued a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and upped their target price for the company from $65.00 to $77.00 in a research report on Friday, February 21st. StockNews.com raised Terreno Realty from a "sell" rating to a "hold" rating in a report on Friday. Piper Sandler cut their price objective on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $66.45.

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.