Stifel Financial Corp Raises Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Stifel Financial Corp boosted its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 22.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,182 shares of the real estate investment trust's stock after purchasing an additional 21,067 shares during the quarter. Stifel Financial Corp owned approximately 0.11% of Terreno Realty worth $6,694,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Terreno Realty by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock worth $902,293,000 after purchasing an additional 1,484,301 shares in the last quarter. FMR LLC increased its position in shares of Terreno Realty by 5.9% during the fourth quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust's stock worth $663,987,000 after purchasing an additional 628,116 shares in the last quarter. Geode Capital Management LLC raised its stake in Terreno Realty by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust's stock valued at $144,031,000 after purchasing an additional 19,900 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Terreno Realty by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust's stock valued at $108,729,000 after purchasing an additional 110,610 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Terreno Realty by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,436,210 shares of the real estate investment trust's stock valued at $84,938,000 after purchasing an additional 38,775 shares in the last quarter.

Wall Street Analysts Forecast Growth

TRNO has been the subject of a number of research reports. BMO Capital Markets upped their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Piper Sandler dropped their target price on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Scotiabank dropped their target price on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. JMP Securities reaffirmed a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, February 10th. Finally, The Goldman Sachs Group raised shares of 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $66.45.

Terreno Realty Trading Up 0.5 %

NYSE TRNO opened at $56.92 on Tuesday. The firm's 50-day moving average is $61.86 and its two-hundred day moving average is $61.99. Terreno Realty Co. has a 12 month low of $48.18 and a 12 month high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $5.86 billion, a P/E ratio of 29.65, a PEG ratio of 2.82 and a beta of 1.00.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. On average, sell-side analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.44%. Terreno Realty's dividend payout ratio is presently 102.08%.

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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