Prudential Financial Inc. Has $10.04 Million Position in Terreno Realty Co. (NYSE:TRNO)

Prudential Financial Inc. boosted its position in shares of Terreno Realty Co. (NYSE:TRNO) by 76.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,441 shares of the real estate investment trust’s stock after purchasing an additional 71,923 shares during the period. Prudential Financial Inc. owned about 0.17% of Terreno Realty worth $10,036,000 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 company. FMR LLC grew its holdings in shares of Terreno Realty by 16.4% during the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock worth $708,348,000 after buying an additional 1,496,666 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Terreno Realty by 10.8% during the 4th quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock worth $902,293,000 after acquiring an additional 1,484,301 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Terreno Realty by 339.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust’s stock valued at $40,842,000 after purchasing an additional 472,125 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Terreno Realty by 58.3% in the fourth quarter. Bank of New York Mellon Corp now owns 948,090 shares of the real estate investment trust’s stock worth $56,070,000 after purchasing an additional 349,060 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Terreno Realty during the fourth quarter worth $19,792,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Piper Sandler cut their price target on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research 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 report on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price target on the stock. JMP Securities reissued a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. Finally, BMO Capital Markets boosted 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $69.09.

Terreno Realty Trading Down 0.7 %

TRNO stock opened at $62.68 on Friday. The company has a fifty day moving average price of $66.11 and a two-hundred day moving average price of $63.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63.

Terreno Realty (NYSE:TRNO) last announced 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 anticipate that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.13%. Terreno Realty’s dividend payout ratio (DPR) is currently 102.08%.

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.