Terreno Realty Co. (NYSE:TRNO) Stock Position Decreased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lessened its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 26.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 69,919 shares of the real estate investment trust’s stock after selling 24,772 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Terreno Realty were worth $4,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of TRNO. Quest Partners LLC bought a new stake in shares of Terreno Realty during the 3rd quarter valued at about $370,000. Pathstone Holdings LLC grew its position in shares of Terreno Realty by 4.4% during the 3rd quarter. Pathstone Holdings LLC now owns 23,624 shares of the real estate investment trust’s stock valued at $1,579,000 after buying an additional 995 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Terreno Realty during the 3rd quarter valued at about $1,397,000. Massachusetts Financial Services Co. MA grew its position in shares of Terreno Realty by 59.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust’s stock valued at $70,473,000 after buying an additional 394,436 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Terreno Realty by 22.3% during 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 buying an additional 315,506 shares during the last quarter.

Terreno Realty Trading Down 4.1 %

Shares of NYSE:TRNO opened at $62.56 on Friday. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year 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 company has a 50 day moving average price of $65.78 and a 200 day moving average price of $63.85.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio is 102.08%.

Analyst Ratings Changes

Several research analysts have commented on TRNO shares. Barclays restated an “equal weight” rating and issued a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. JMP Securities restated a “market outperform” rating and issued a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. Piper Sandler decreased their target price on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 target price for the company. Finally, The Goldman Sachs Group upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and upped their target price for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $69.36.

About Terreno Realty

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.