Terreno Realty Co. (NYSE:TRNO) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 18.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 104,670 shares of the real estate investment trust’s stock after buying an additional 16,491 shares during the quarter. Mutual of America Capital Management LLC owned about 0.10% of Terreno Realty worth $6,190,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRNO. Proficio Capital Partners LLC purchased a new position in Terreno Realty during the fourth quarter worth about $685,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Terreno Realty by 3.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,585 shares of the real estate investment trust’s stock worth $685,000 after buying an additional 400 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Terreno Realty during the 4th quarter valued at approximately $1,390,000. Los Angeles Capital Management LLC acquired a new position in Terreno Realty in the fourth quarter valued at approximately $202,000. Finally, Amalgamated Bank grew its position in Terreno Realty by 819.1% in the fourth quarter. Amalgamated Bank now owns 28,987 shares of the real estate investment trust’s stock worth $1,714,000 after acquiring an additional 25,833 shares during the period.

Terreno Realty Price Performance

Terreno Realty stock opened at $67.42 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. The firm has a market cap of $6.73 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The company’s 50 day moving average is $63.55 and its two-hundred day moving average is $63.99.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share 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, research analysts expect that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty’s payout ratio is presently 102.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Terreno Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 target price on the stock. Barclays restated an “equal weight” rating and issued a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Piper Sandler lowered their target price on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and lifted their price target for the company from $65.00 to $77.00 in a research report on Friday, February 21st. Finally, BMO Capital Markets upped their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $69.36.

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.