Charles Schwab Investment Management Inc. Raises Stake in Terreno Realty Co. (NYSE:TRNO)

Charles Schwab Investment Management Inc. raised its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 6.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,838,503 shares of the real estate investment trust’s stock after buying an additional 110,610 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.84% of Terreno Realty worth $108,729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC increased its holdings in 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 worth $33,000 after acquiring an additional 361 shares during the period. Sage Rhino Capital LLC grew its position in shares of Terreno Realty by 6.6% during the 4th quarter. Sage Rhino Capital LLC now owns 24,744 shares of the real estate investment trust’s stock valued at $1,463,000 after purchasing an additional 1,536 shares in the last quarter. Norden Group LLC increased its holdings in shares of Terreno Realty by 7.1% in the fourth quarter. Norden Group LLC now owns 10,028 shares of the real estate investment trust’s stock worth $593,000 after purchasing an additional 666 shares during the period. Metis Global Partners LLC boosted its stake in Terreno Realty by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 11,111 shares of the real estate investment trust’s stock valued at $657,000 after buying an additional 1,135 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in Terreno Realty by 18.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 104,670 shares of the real estate investment trust’s stock valued at $6,190,000 after buying an additional 16,491 shares during the period.

Terreno Realty Price Performance

TRNO stock opened at $68.46 on Friday. 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 has a market cap of $6.83 billion, a P/E ratio of 35.66, a P/E/G ratio of 2.82 and a beta of 0.93. The firm’s fifty day moving average is $64.26 and its 200 day moving average is $64.03. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS 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 predict that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

Analysts Set New Price Targets

TRNO has been the topic of several recent analyst reports. Piper Sandler lowered their price target on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. JMP Securities restated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price for the company. Barclays reissued an “equal weight” rating and issued a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Finally, BMO Capital Markets lifted their price objective 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $69.36.

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.