Hsbc Holdings PLC Has $23.80 Million Position in Terreno Realty Co. (NYSE:TRNO)

Hsbc Holdings PLC lifted its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 402,460 shares of the real estate investment trust's stock after acquiring an additional 19,911 shares during the period. Hsbc Holdings PLC owned approximately 0.40% of Terreno Realty worth $23,803,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TRNO. Barclays PLC lifted its stake in Terreno Realty by 131.0% in the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock valued at $11,360,000 after purchasing an additional 96,380 shares during the last quarter. KBC Group NV increased its holdings in shares of Terreno Realty by 40.7% during the 4th quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock worth $217,000 after acquiring an additional 1,059 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Terreno Realty by 1.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust's stock worth $10,561,000 after buying an additional 2,755 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Terreno Realty in the fourth quarter valued at approximately $1,342,000. Finally, Tidal Investments LLC increased its stake in shares of Terreno Realty by 15.9% during the third quarter. Tidal Investments LLC now owns 61,852 shares of the real estate investment trust's stock worth $4,134,000 after purchasing an additional 8,490 shares during the period.

Terreno Realty Price Performance

Shares of TRNO traded up $1.05 during trading hours on Friday, reaching $57.67. The stock had a trading volume of 268,430 shares, compared to its average volume of 907,248. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. Terreno Realty Co. has a 12 month low of $48.18 and a 12 month high of $71.63. The stock has a market capitalization of $5.94 billion, a PE ratio of 30.04, a PEG ratio of 2.82 and a beta of 1.00. The company's 50-day moving average is $61.24 and its two-hundred day moving average is $61.87.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly 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%. Research analysts expect that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were paid 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 3.40%. Terreno Realty's dividend payout ratio is 102.08%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. 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 report on Monday, April 7th. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and raised their price target for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. Barclays cut 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 report on Tuesday, March 25th. BMO Capital Markets raised 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. Finally, Piper Sandler lowered their price objective on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Terreno Realty presently has a consensus rating of "Hold" and a consensus target price of $66.45.

Terreno Realty 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.