Mirae Asset Global Investments Co. Ltd. Sells 1,049 Shares of Terreno Realty Co. (NYSE:TRNO)

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 28.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,704 shares of the real estate investment trust’s stock after selling 1,049 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Terreno Realty were worth $160,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank boosted its holdings 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 purchasing an additional 177 shares during the period. MML Investors Services LLC boosted its holdings 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 purchasing an additional 249 shares during the period. Creative Planning boosted its holdings in Terreno Realty by 7.0% in the 2nd quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 312 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings 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 purchasing an additional 370 shares during the period. Finally, Assetmark Inc. boosted its holdings 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 purchasing an additional 381 shares during the period.

Terreno Realty Price Performance

TRNO stock opened at $67.24 on Friday. The company has a 50 day simple moving average of $61.95 and a 200 day simple moving average of $64.05. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 35.02, a P/E/G ratio of 2.85 and a beta of 0.91. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year 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 2.71.

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

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty’s payout ratio is 102.08%.

Analyst Ratings Changes

A number of research firms have issued reports on TRNO. Scotiabank cut their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 target price for the company. Piper Sandler dropped 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 report on Thursday, February 6th. BMO Capital Markets boosted their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, JMP Securities restated a “market outperform” rating and issued a $72.00 target price on shares of Terreno Realty in a research report on Monday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $68.45.

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.