Lighthouse Investment Partners LLC acquired a new stake in Terreno Realty Co. (NYSE:TRNO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 167,500 shares of the real estate investment trust's stock, valued at approximately $9,906,000. Lighthouse Investment Partners LLC owned 0.17% of Terreno Realty at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in Terreno Realty by 23.2% during the 4th quarter. Janus Henderson Group PLC now owns 64,964 shares of the real estate investment trust's stock worth $3,843,000 after acquiring an additional 12,231 shares during the last quarter. Jefferies Financial Group Inc. grew its position in Terreno Realty by 83.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 18,252 shares of the real estate investment trust's stock worth $1,079,000 after acquiring an additional 8,282 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in Terreno Realty during the 4th quarter worth approximately $4,987,000. Ethic Inc. bought a new stake in Terreno Realty during the 4th quarter worth approximately $216,000. Finally, Deutsche Bank AG grew its position in Terreno Realty by 287.6% during the 4th quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust's stock worth $91,454,000 after acquiring an additional 1,147,404 shares during the last quarter.
Terreno Realty Stock Up 0.3%
Shares of NYSE:TRNO traded up $0.16 during trading on Friday, hitting $58.47. 315,675 shares of the company's stock traded hands, compared to its average volume of 948,940. 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. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. The company has a 50-day moving average price of $59.18 and a 200-day moving average price of $61.44.
Terreno Realty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders 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 dividend yield of 3.35%. The ex-dividend date is Friday, June 27th. Terreno Realty's dividend payout ratio (DPR) is presently 102.08%.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Piper Sandler decreased their price target on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. BMO Capital Markets increased their price objective on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. JMP Securities reiterated a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and increased their price objective for the company from $65.00 to $77.00 in a research report on Friday, February 21st. Finally, 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 research report on Monday, April 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $66.45.
Check Out Our Latest Stock Report on TRNO
Terreno Realty Profile
(
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.
Featured Articles
Before you consider Terreno Realty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Terreno Realty wasn't on the list.
While Terreno Realty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
