Terreno Realty Co. (NYSE:TRNO) Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,561 shares of the real estate investment trust’s stock after selling 734 shares during the quarter. Stephens Inc. AR’s holdings in Terreno Realty were worth $2,162,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TRNO. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Terreno Realty by 6.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,355 shares of the real estate investment trust’s stock valued at $1,204,000 after purchasing an additional 1,215 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Terreno Realty by 1.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 107,959 shares of the real estate investment trust’s stock valued at $6,385,000 after buying an additional 1,681 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Terreno Realty by 126.1% during the fourth quarter. State of Alaska Department of Revenue now owns 102,421 shares of the real estate investment trust’s stock valued at $6,056,000 after buying an additional 57,124 shares in the last quarter. Yousif Capital Management LLC bought a new position in Terreno Realty during the 4th quarter worth approximately $2,240,000. Finally, Alliance Wealth Advisors LLC UT lifted its holdings in Terreno Realty by 8.1% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,097 shares of the real estate investment trust’s stock worth $538,000 after buying an additional 682 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TRNO shares. Barclays reissued an “equal weight” rating and set a $60.00 price target (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Piper Sandler dropped their target price on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a 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 report on Monday. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective for the company. Finally, BMO Capital Markets began coverage on shares of Terreno Realty in a report on Tuesday, February 4th. They issued a “market perform” rating and a $71.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Terreno Realty currently has a consensus rating of “Hold” and a consensus price target of $68.27.

Terreno Realty Stock Performance

TRNO opened at $66.88 on Wednesday. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The stock has a market cap of $6.67 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The business’s 50 day moving average is $61.68 and its 200-day moving average is $64.05. The company has a current ratio of 0.23, a quick ratio of 2.71 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating 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%. On average, analysts predict that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be given a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 2.93%. Terreno Realty’s dividend payout ratio is presently 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.