Norden Group LLC Increases Holdings in Terreno Realty Co. (NYSE:TRNO)

Norden Group LLC lifted its position in shares of Terreno Realty Co. (NYSE:TRNO) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,028 shares of the real estate investment trust’s stock after acquiring an additional 666 shares during the quarter. Norden Group LLC’s holdings in Terreno Realty were worth $593,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Huntington National Bank lifted its stake in Terreno Realty by 7.4% in the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 177 shares in the last quarter. MML Investors Services LLC lifted its stake in Terreno Realty by 6.1% in the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 249 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Terreno Realty by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust’s stock valued at $8,050,000 after buying an additional 370 shares in the last quarter. Assetmark Inc. lifted its stake in Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 381 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Terreno Realty by 3.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,585 shares of the real estate investment trust’s stock valued at $685,000 after buying an additional 400 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRNO. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. BMO Capital Markets upped their target price on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and boosted their price target for the company from $65.00 to $77.00 in a report on Friday, February 21st. Finally, Scotiabank boosted their price target on Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a report on Friday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $69.36.

Terreno Realty Trading Down 0.6 %

TRNO stock opened at $67.42 on Tuesday. The company has a market cap 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 quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $63.55 and a 200-day simple moving average of $63.99. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63.

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

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be issued 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 2.91%. Terreno Realty’s payout ratio is 102.08%.

Terreno Realty 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.