Terreno Realty Co. (NYSE:TRNO) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,363 shares of the real estate investment trust’s stock after purchasing an additional 5,991 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of Terreno Realty worth $3,038,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TRNO. Assetmark Inc. increased its stake in Terreno Realty by 2,381.3% during 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 in the last quarter. Manchester Capital Management LLC purchased a new stake in shares of Terreno Realty in the 4th quarter valued at $27,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Terreno Realty by 176.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 361 shares during the last quarter. Huntington National Bank boosted its holdings in shares of 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 acquiring an additional 177 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Terreno Realty in the 4th quarter valued at $202,000.

Analyst Upgrades and Downgrades

TRNO has been the topic of several recent research reports. Piper Sandler dropped their price objective 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 reaffirmed a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective on the stock. BMO Capital Markets upped their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Finally, Scotiabank increased their price target on shares of Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Terreno Realty currently has a consensus rating of “Hold” and an average target price of $69.36.

Terreno Realty Stock Performance

TRNO opened at $66.35 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. The firm’s fifty day simple moving average is $65.08 and its two-hundred day simple moving average is $63.89.

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 (EPS) for the quarter, beating 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%. Equities analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is 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.