Northern Trust Corp Increases Holdings in Terreno Realty Co. (NYSE:TRNO)

Northern Trust Corp increased its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 51.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,845,621 shares of the real estate investment trust's stock after buying an additional 628,065 shares during the quarter. Northern Trust Corp owned about 1.85% of Terreno Realty worth $109,150,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Manchester Capital Management LLC acquired a new stake in shares of Terreno Realty in the fourth quarter worth $27,000. Steward Partners Investment Advisory LLC raised its stake 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 buying an additional 361 shares during the last quarter. Quarry LP lifted its holdings in shares of Terreno Realty by 613.7% in the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 626 shares during the period. Quadrant Capital Group LLC boosted its stake 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 worth $45,000 after buying an additional 370 shares during the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in Terreno Realty during the fourth quarter worth about $71,000.

Terreno Realty Stock Performance

TRNO opened at $57.62 on Friday. Terreno Realty Co. has a twelve month low of $48.18 and a twelve month high of $71.63. The firm has a market capitalization of $5.94 billion, a PE ratio of 30.01, a PEG ratio of 2.82 and a beta of 1.07. 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 firm's 50-day moving average price is $61.05 and its 200 day moving average price is $61.79.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping 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, sell-side analysts expect that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.40%. Terreno Realty's dividend payout ratio is presently 102.08%.

Wall Street Analyst Weigh In

TRNO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective on the stock. Piper Sandler dropped 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 report on Tuesday, April 15th. BMO Capital Markets upped their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Barclays lowered their target price on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Finally, Scotiabank cut their price target 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 equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Terreno Realty presently has an average rating of "Hold" and an average target price of $66.45.

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.

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