Sumitomo Mitsui DS Asset Management Company Ltd Buys 1,215 Shares of Terreno Realty Co. (NYSE:TRNO)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Terreno Realty Co. (NYSE:TRNO) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,355 shares of the real estate investment trust’s stock after buying an additional 1,215 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Terreno Realty were worth $1,204,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its position 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 valued at $708,348,000 after purchasing an additional 1,496,666 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Terreno Realty by 339.7% during 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 worth $40,842,000 after buying an additional 472,125 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Terreno Realty by 59.8% in 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 period. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $115,475,000 after acquiring an additional 315,506 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock worth $11,360,000 after acquiring an additional 96,380 shares during the period.

Terreno Realty Stock Up 0.1 %

NYSE TRNO opened at $66.88 on Wednesday. The stock has a market capitalization of $6.67 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.71 and a current ratio of 0.23. The stock has a fifty day moving average of $61.68 and a 200-day moving average of $64.05.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, equities research analysts forecast that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRNO. Scotiabank cut their price target on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Piper Sandler cut 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. JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday. Barclays reiterated an “equal weight” rating and set a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Terreno Realty presently has an average rating of “Hold” and an average target price of $68.27.

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.