Knights of Columbus Asset Advisors LLC Lowers Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Knights of Columbus Asset Advisors LLC reduced its position in Terreno Realty Co. (NYSE:TRNO) by 26.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 69,919 shares of the real estate investment trust’s stock after selling 24,772 shares during the period. Knights of Columbus Asset Advisors LLC owned about 0.07% of Terreno Realty worth $4,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRNO. Quest Partners LLC purchased a new stake in shares of Terreno Realty during the 3rd quarter valued at $370,000. Pathstone Holdings LLC grew its stake in shares of Terreno Realty by 4.4% during the 3rd quarter. Pathstone Holdings LLC now owns 23,624 shares of the real estate investment trust’s stock valued at $1,579,000 after buying an additional 995 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Terreno Realty during the 3rd quarter valued at $1,397,000. Massachusetts Financial Services Co. MA grew its stake in shares of Terreno Realty by 59.8% during 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. Finally, Charles Schwab Investment Management Inc. grew its stake 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 valued at $115,475,000 after buying an additional 315,506 shares during the period.

Analysts Set New Price Targets

TRNO has been the subject of several research reports. BMO Capital Markets boosted their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Piper Sandler reduced 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 restated a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, February 10th. Barclays restated an “equal weight” rating and set a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Finally, The Goldman Sachs Group upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and lifted their target price for the company from $65.00 to $77.00 in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $69.36.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $62.56 on Friday. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $6.24 billion, a P/E ratio of 32.58, a P/E/G ratio of 2.82 and a beta of 0.93. The company’s fifty day moving average price is $65.78 and its two-hundred day moving average price is $63.85.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. On average, research analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty’s payout ratio is currently 102.08%.

Terreno Realty Company 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.