Terreno Realty Co. (NYSE:TRNO) Shares Bought by Raymond James Trust N.A.

Posted by on Apr 27th, 2023

Raymond James Trust N.A. raised its position in Terreno Realty Co. (NYSE:TRNO – Get Rating) by 8.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,088 shares of the real estate investment trust’s stock after purchasing an additional 310 shares during the period. Raymond James Trust N.A.’s holdings in Terreno Realty were worth $232,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Terreno Realty by 3.2% during the first quarter. Vanguard Group Inc. now owns 10,954,204 shares of the real estate investment trust’s stock valued at $811,159,000 after acquiring an additional 341,279 shares during the last quarter. State Street Corp boosted its stake in shares of Terreno Realty by 1.0% during the second quarter. State Street Corp now owns 3,679,689 shares of the real estate investment trust’s stock valued at $206,265,000 after acquiring an additional 37,223 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Terreno Realty by 1.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,215,111 shares of the real estate investment trust’s stock valued at $164,030,000 after acquiring an additional 28,839 shares during the last quarter. PGGM Investments purchased a new position in Terreno Realty during the third quarter worth about $96,080,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Terreno Realty by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,336,796 shares of the real estate investment trust’s stock worth $98,993,000 after purchasing an additional 22,692 shares during the period. Institutional investors and hedge funds own 98.53% of the company’s stock.

Terreno Realty Stock Down 1.4 %

TRNO opened at $60.20 on Thursday. Terreno Realty Co. has a one year low of $50.36 and a one year high of $77.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 0.53. The stock’s fifty day moving average is $62.57 and its 200-day moving average is $59.97. The company has a market capitalization of $4.98 billion, a PE ratio of 23.07, a P/E/G ratio of 3.10 and a beta of 0.83.

Terreno Realty (NYSE:TRNO – Get Rating) last issued its earnings results on Wednesday, February 8th. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.26. The business had revenue of $76.01 million for the quarter, compared to analysts’ expectations of $71.45 million. Terreno Realty had a return on equity of 9.22% and a net margin of 71.45%. On average, equities analysts predict that Terreno Realty Co. will post 2.19 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 6th. Investors of record on Friday, March 31st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Thursday, March 30th. Terreno Realty’s payout ratio is 61.30%.

Wall Street Analyst Weigh In

TRNO has been the topic of several analyst reports. StockNews.com assumed coverage on Terreno Realty in a report on Thursday, March 16th. They set a “hold” rating on the stock. BTIG Research lifted their target price on Terreno Realty from $74.00 to $80.00 in a research note on Thursday, February 9th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $71.00 target price on shares of Terreno Realty in a research note on Monday, April 3rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.56.

About Terreno Realty

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Terreno Realty Corp. is a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W. Blake Baird on November 6, 2009 and is headquartered in Bellevue, WA.

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Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

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