Lincluden Management Ltd. Has $2.66 Million Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Lincluden Management Ltd. trimmed its position in Terreno Realty Co. (NYSE:TRNO) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,917 shares of the real estate investment trust’s stock after selling 2,405 shares during the quarter. Lincluden Management Ltd.’s holdings in Terreno Realty were worth $2,656,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TRNO. Stifel Financial Corp lifted its holdings in shares of Terreno Realty by 39.3% in the third quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust’s stock worth $6,156,000 after acquiring an additional 25,988 shares during the last quarter. Barclays PLC increased its position in Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock worth $11,360,000 after purchasing an additional 96,380 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Terreno Realty by 22.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock valued at $115,475,000 after purchasing an additional 315,506 shares during the last quarter. Geode Capital Management LLC boosted its position in Terreno Realty by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock valued at $161,423,000 after buying an additional 8,940 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Terreno Realty during the third quarter worth $225,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TRNO shares. Barclays reiterated an “equal weight” rating and issued a $60.00 price target (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $60.00 price target on the stock. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $77.00 in a report on Friday. Piper Sandler dropped their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, JMP Securities reissued a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Terreno Realty currently has a consensus rating of “Hold” and an average price target of $69.27.

Terreno Realty Trading Down 0.1 %

NYSE:TRNO opened at $67.05 on Tuesday. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The firm’s fifty day moving average is $62.66 and its 200-day moving average is $64.01. The firm has a market cap of $6.69 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.82 and a beta of 0.91.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. Equities analysts expect that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 2.92%. Terreno Realty’s payout ratio is currently 102.08%.

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.