Swiss National Bank Grows Position in Terreno Realty Co. (NYSE:TRNO)

Swiss National Bank boosted its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 190,600 shares of the real estate investment trust’s stock after purchasing an additional 1,800 shares during the period. Swiss National Bank owned about 0.19% of Terreno Realty worth $11,272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Manchester Capital Management LLC purchased a new position in shares of Terreno Realty in the fourth quarter valued at about $27,000. Steward Partners Investment Advisory LLC lifted its position in shares of Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 361 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Terreno Realty in the third quarter valued at about $225,000. Los Angeles Capital Management LLC purchased a new position in shares of Terreno Realty in the fourth quarter valued at about $202,000. Finally, KBC Group NV lifted its position in shares of Terreno Realty by 40.7% in the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust’s stock valued at $217,000 after acquiring an additional 1,059 shares in the last quarter.

Terreno Realty Stock Down 1.8 %

NYSE TRNO opened at $65.14 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $65.69 and a two-hundred day moving average of $63.89. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63.

Terreno Realty (NYSE:TRNO) last posted 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 net margin of 48.18% and a return on equity of 5.20%. On average, analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty’s payout ratio is 102.08%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft assumed 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 reduced their target price on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Scotiabank increased their price target on Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, February 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.