Legal & General Group Plc Raises Holdings in Terreno Realty Co. (NYSE:TRNO)

Legal & General Group Plc grew its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 14.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 953,775 shares of the real estate investment trust's stock after acquiring an additional 119,865 shares during the period. Legal & General Group Plc owned about 0.96% of Terreno Realty worth $56,406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. MML Investors Services LLC raised its stake in shares of Terreno Realty by 6.1% during the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust's stock worth $291,000 after acquiring an additional 249 shares in the last quarter. Arizona State Retirement System increased its position in shares of Terreno Realty by 1.0% during the fourth 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 in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Terreno Realty by 176.1% during the 4th 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 during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Terreno Realty by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust's stock worth $8,050,000 after purchasing an additional 370 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Terreno Realty by 94.6% during the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock worth $45,000 after buying an additional 370 shares during the last quarter.

Terreno Realty Price Performance

Shares of NYSE:TRNO traded up $1.50 during trading on Thursday, reaching $58.23. 321,362 shares of the company's stock traded hands, compared to its average volume of 899,942. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a fifty-two week low of $48.18 and a fifty-two week high of $71.63. The company has a 50-day simple moving average of $63.46 and a 200-day simple moving average of $62.46. The firm has a market cap of $6.00 billion, a PE ratio of 30.29, a P/E/G ratio of 2.82 and a beta of 1.00.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings data 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 return on equity of 5.20% and a net margin of 48.18%. As a group, analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were given a $0.49 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.37%. Terreno Realty's dividend payout ratio (DPR) is 102.08%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. Barclays lowered their price objective on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and raised their target price for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Piper Sandler dropped their price target on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Scotiabank reduced their price objective on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.