Janus Henderson Group PLC grew its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 23.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,964 shares of the real estate investment trust's stock after purchasing an additional 12,231 shares during the period. Janus Henderson Group PLC owned approximately 0.07% of Terreno Realty worth $3,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Manchester Capital Management LLC purchased a new stake in shares of Terreno Realty in the fourth quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC grew its position in shares of Terreno Realty by 176.1% in 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 purchasing an additional 361 shares in the last quarter. Quarry LP grew its position in shares of Terreno Realty by 613.7% in the fourth quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 626 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Terreno Realty by 94.6% in the fourth quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 370 shares in the last quarter. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of Terreno Realty in the fourth quarter valued at approximately $71,000.
Analysts Set New Price Targets
TRNO has been the subject of a number of analyst reports. Wall Street Zen upgraded Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and upped their price objective for the company from $65.00 to $77.00 in a report on Friday, February 21st. Scotiabank decreased their price objective on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. Wells Fargo & Company decreased their price objective on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Finally, Piper Sandler reduced their price objective on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $65.36.
Check Out Our Latest Analysis on Terreno Realty
Terreno Realty Stock Down 0.8%
NYSE:TRNO traded down $0.44 during trading hours on Friday, hitting $55.12. The company's stock had a trading volume of 703,767 shares, compared to its average volume of 919,685. The stock has a fifty day moving average of $58.01 and a 200-day moving average of $61.30. The stock has a market capitalization of $5.69 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. Terreno Realty Co. has a 52-week low of $48.18 and a 52-week high of $71.63. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.56%. Terreno Realty's dividend payout ratio (DPR) is 98.49%.
About Terreno Realty
(
Free Report)
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.
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