D.A. Davidson & CO. Has $218,000 Holdings in Terreno Realty Co. (NYSE:TRNO)

D.A. Davidson & CO. decreased its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,679 shares of the real estate investment trust’s stock after selling 199 shares during the quarter. D.A. Davidson & CO.’s holdings in Terreno Realty were worth $218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Assetmark Inc. raised its position in Terreno Realty by 2,381.3% in the third 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 last quarter. Manchester Capital Management LLC acquired a new position in shares of Terreno Realty in the fourth quarter valued at approximately $27,000. International Assets Investment Management LLC raised its holdings in Terreno Realty by 6,580.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 987 shares during the last quarter. Huntington National Bank boosted its position in Terreno Realty by 7.4% during the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 177 shares during the period. Finally, Financial Advocates Investment Management bought a new stake in Terreno Realty during the 3rd quarter worth approximately $205,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TRNO shares. BMO Capital Markets raised their price target 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 lowered their target price on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, February 10th. The Goldman Sachs Group raised Terreno Realty from a “neutral” rating to a “buy” rating and increased their price target for the company from $65.00 to $77.00 in a research note on Friday, February 21st. Finally, Barclays reaffirmed an “equal weight” rating and issued a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.27.

Terreno Realty Price Performance

Shares of TRNO opened at $67.86 on Friday. The firm has a market cap of $6.77 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. The business’s 50 day moving average price is $63.20 and its two-hundred day moving average price is $64.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current 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 given 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 2.89%. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

About Terreno Realty

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.