Credit Suisse AG lifted its holdings in shares of Terreno Realty Co. (NYSE:TRNO – Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,866 shares of the real estate investment trust’s stock after purchasing an additional 8,031 shares during the quarter. Credit Suisse AG owned approximately 0.23% of Terreno Realty worth $12,265,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Federated Hermes Inc. acquired a new position in Terreno Realty in the 1st quarter valued at $25,000. Point72 Hong Kong Ltd acquired a new position in Terreno Realty in the 1st quarter valued at $28,000. Itau Unibanco Holding S.A. acquired a new position in Terreno Realty in the 4th quarter valued at $31,000. Ronald Blue Trust Inc. grew its stake in Terreno Realty by 68.7% in the 1st quarter. Ronald Blue Trust Inc. now owns 847 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 345 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in Terreno Realty by 26.3% in the 4th quarter. First Eagle Investment Management LLC now owns 908 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 99.10% of the company’s stock.
Analyst Ratings Changes
TRNO has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of Terreno Realty in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Citigroup began coverage on shares of Terreno Realty in a research note on Wednesday, July 19th. They issued a “neutral” rating and a $63.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on shares of Terreno Realty in a research report on Tuesday, July 11th. They issued a “neutral” rating and a $65.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.29.
Insider Transactions at Terreno Realty
In other news, President Michael A. Coke sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $59.60, for a total transaction of $596,000.00. Following the completion of the transaction, the president now directly owns 395,988 shares of the company’s stock, valued at approximately $23,600,884.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by insiders.
Terreno Realty Stock Performance
NYSE TRNO opened at $60.19 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 3.01 and a beta of 0.80. The company’s fifty day moving average is $59.20 and its two-hundred day moving average is $61.05. Terreno Realty Co. has a 52-week low of $50.36 and a 52-week high of $67.03.
Terreno Realty Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.99%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, September 28th. Terreno Realty’s dividend payout ratio (DPR) is presently 86.96%.
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 We invest in several types of industrial real estate, including warehouse/distribution (approximately 79.5% of our total annualized base rent as of December 31, 2021), flex (including light industrial and research and development, or R&D) (approximately 4.8%), transshipment (approximately 6.4%) and improved land (approximately 9.3%).
Featured Stories
- Five stocks we like better than Terreno Realty
- What Are Utility Stocks? An Overview of the Utilities Sector
- One of these 5 Pet Care Stocks Can Be the Next Short Squeeze
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- 3 High Short Interest Stocks that Investors are Getting Wrong
- The How And Why of Investing in Oil Stocks
- Retail Theft Rises: Two Ways For Investors To Beat Shrinkage
Want to see what other hedge funds are holding TRNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terreno Realty Co. (NYSE:TRNO – Free Report).
Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.
