Proficio Capital Partners LLC Purchases Shares of 11,591 Terreno Realty Co. (NYSE:TRNO)

Proficio Capital Partners LLC purchased a new stake in Terreno Realty Co. (NYSE:TRNO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,591 shares of the real estate investment trust’s stock, valued at approximately $685,000.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. raised its stake 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 last quarter. Manchester Capital Management LLC purchased a new stake in Terreno Realty in the 4th quarter valued at $27,000. Huntington National Bank grew 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 buying an additional 177 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Terreno Realty in the 3rd quarter valued at $225,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Terreno Realty in the 4th quarter valued at $202,000.

Analysts Set New Price Targets

Several brokerages have issued reports on TRNO. Piper Sandler dropped their target price on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Barclays restated an “equal weight” rating and issued a $60.00 target price (down from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. BMO Capital Markets increased their price target on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. JMP Securities reiterated a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. Finally, Scotiabank increased their price target on Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Terreno Realty presently has a consensus rating of “Hold” and an average price target of $69.36.

Terreno Realty Stock Performance

Shares of Terreno Realty stock opened at $68.46 on Monday. The business has a 50-day moving average of $64.26 and a 200 day moving average of $64.00. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors 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 2.86%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is 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.