Atria Investments Inc Decreases Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Atria Investments Inc reduced its position in shares of Terreno Realty Co. (NYSE:TRNO) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,604 shares of the real estate investment trust’s stock after selling 281 shares during the period. Atria Investments Inc’s holdings in Terreno Realty were worth $272,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TRNO. Victory Capital Management Inc. lifted its holdings in Terreno Realty by 13.2% in the 4th quarter. Victory Capital Management Inc. now owns 51,363 shares of the real estate investment trust’s stock worth $3,038,000 after buying an additional 5,991 shares during the period. Bahl & Gaynor Inc. raised its holdings in shares of Terreno Realty by 9.4% during the fourth quarter. Bahl & Gaynor Inc. now owns 430,820 shares of the real estate investment trust’s stock valued at $25,479,000 after acquiring an additional 37,113 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Terreno Realty by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust’s stock worth $108,729,000 after acquiring an additional 110,610 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Terreno Realty by 176.1% in the fourth 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 in the last quarter. Finally, Sage Rhino Capital LLC increased its position in Terreno Realty by 6.6% during the 4th quarter. Sage Rhino Capital LLC now owns 24,744 shares of the real estate investment trust’s stock valued at $1,463,000 after purchasing an additional 1,536 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TRNO shares. JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. Piper Sandler lowered their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price on the stock. The Goldman Sachs Group raised Terreno Realty from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Finally, Scotiabank raised their price objective on Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $69.36.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $67.36 on Tuesday. The company has a market capitalization of $6.72 billion, a PE ratio of 35.09, a PEG ratio of 2.82 and a beta of 0.93. The business has a fifty day moving average price of $65.25 and a 200-day moving average price of $63.88. 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 0.23.

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 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%. As a group, equities analysts expect that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be given a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 2.91%. 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.