Dimensional Fund Advisors LP Purchases 38,775 Shares of Terreno Realty Co. (NYSE:TRNO)

Dimensional Fund Advisors LP lifted its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,436,210 shares of the real estate investment trust's stock after purchasing an additional 38,775 shares during the period. Dimensional Fund Advisors LP owned 1.44% of Terreno Realty worth $84,938,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TRNO. Barclays PLC increased its position in Terreno Realty by 131.0% in the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock worth $11,360,000 after buying an additional 96,380 shares in the last quarter. KBC Group NV grew its stake in shares of Terreno Realty by 40.7% during the 4th quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock valued at $217,000 after acquiring an additional 1,059 shares during the period. Asset Management One Co. Ltd. increased its holdings in Terreno Realty by 1.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust's stock worth $10,561,000 after acquiring an additional 2,755 shares in the last quarter. New York State Teachers Retirement System bought a new stake in Terreno Realty during the 4th quarter worth approximately $1,342,000. Finally, Tidal Investments LLC lifted its holdings in Terreno Realty by 15.9% during the third quarter. Tidal Investments LLC now owns 61,852 shares of the real estate investment trust's stock valued at $4,134,000 after purchasing an additional 8,490 shares in the last quarter.

Wall Street Analysts Forecast Growth

TRNO has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Piper Sandler cut their price target 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. Barclays lowered their price objective on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Scotiabank cut their target price on 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. Finally, JMP Securities reissued a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Terreno Realty has a consensus rating of "Hold" and a consensus price target of $66.45.

Terreno Realty Price Performance

TRNO stock traded down $0.09 during trading on Monday, hitting $57.54. 66,743 shares of the company's stock traded hands, compared to its average volume of 906,946. Terreno Realty Co. has a 52 week low of $48.18 and a 52 week high of $71.63. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 2.82 and a beta of 1.07. The business has a fifty day simple moving average of $61.05 and a 200 day simple moving average of $61.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. As a group, research analysts expect that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Thursday, March 27th. Terreno Realty's dividend payout ratio (DPR) is 102.08%.

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.