Mutual of America Capital Management LLC Grows Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Mutual of America Capital Management LLC increased its position in shares of Terreno Realty Co. (NYSE:TRNO) by 18.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,670 shares of the real estate investment trust’s stock after purchasing an additional 16,491 shares during the period. Mutual of America Capital Management LLC’s holdings in Terreno Realty were worth $6,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TRNO. Proficio Capital Partners LLC acquired a new position in shares of Terreno Realty during the 4th quarter worth about $685,000. Oppenheimer Asset Management Inc. raised its position in shares of Terreno Realty by 3.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,585 shares of the real estate investment trust’s stock worth $685,000 after acquiring an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in Terreno Realty during the fourth quarter worth approximately $1,390,000. Los Angeles Capital Management LLC acquired a new position in Terreno Realty in the fourth quarter valued at approximately $202,000. Finally, Amalgamated Bank increased its stake in Terreno Realty by 819.1% in the fourth quarter. Amalgamated Bank now owns 28,987 shares of the real estate investment trust’s stock valued at $1,714,000 after purchasing an additional 25,833 shares during the last quarter.

Wall Street Analysts Forecast Growth

TRNO has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. BMO Capital Markets boosted their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Barclays reaffirmed an “equal weight” rating and set a $60.00 price objective (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Scotiabank boosted their target price on Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Piper Sandler decreased their target price on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.36.

Terreno Realty Stock Down 0.6 %

Terreno Realty stock opened at $67.42 on Tuesday. The stock has a 50 day moving average of $63.55 and a two-hundred day moving average of $63.99. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.82 and a beta of 0.91. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share 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%. As a group, research analysts expect that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

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 issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty’s payout ratio is 102.08%.

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.