DigitalBridge Group Inc. Raises Stock Position in Terreno Realty Co. (NYSE:TRNO)

DigitalBridge Group Inc. grew its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,889 shares of the real estate investment trust's stock after acquiring an additional 10,600 shares during the period. DigitalBridge Group Inc. owned about 0.12% of Terreno Realty worth $7,090,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. GF Fund Management CO. LTD. purchased a new stake in shares of Terreno Realty in the 4th quarter valued at $104,000. Public Employees Retirement System of Ohio boosted its holdings in Terreno Realty by 1.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 143,782 shares of the real estate investment trust's stock worth $8,503,000 after buying an additional 2,447 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Terreno Realty by 5.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 645,563 shares of the real estate investment trust's stock worth $38,179,000 after buying an additional 34,435 shares in the last quarter. Tidal Investments LLC boosted its holdings in Terreno Realty by 29.2% during the fourth quarter. Tidal Investments LLC now owns 79,930 shares of the real estate investment trust's stock worth $4,727,000 after buying an additional 18,078 shares in the last quarter. Finally, Snowden Capital Advisors LLC boosted its holdings in Terreno Realty by 5.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 8,148 shares of the real estate investment trust's stock worth $486,000 after buying an additional 418 shares in the last quarter.

Terreno Realty Price Performance

TRNO traded up $1.15 during midday trading on Tuesday, hitting $56.30. 649,270 shares of the company traded hands, compared to its average volume of 918,603. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 29.32, a PEG 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 business has a 50 day simple moving average of $57.78 and a two-hundred day simple moving average of $61.25.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders 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 3.48%. The ex-dividend date is Friday, June 27th. Terreno Realty's dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JMP Securities reissued a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. Piper Sandler lowered their price target 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. Barclays lowered their price target on shares of Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday. Wells Fargo & Company lowered their price target on shares of 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, Scotiabank lowered their price target on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. One investment 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 MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $65.27.

Terreno Realty Company 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.