Terreno Realty Co. (NYSE:TRNO) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in shares of Terreno Realty Co. (NYSE:TRNO) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,094 shares of the real estate investment trust’s stock after buying an additional 1,676 shares during the period. Van ECK Associates Corp’s holdings in Terreno Realty were worth $1,070,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 381 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Terreno Realty by 6,580.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 987 shares during the last quarter. Huntington National Bank increased its holdings in shares of 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 last quarter. Financial Advocates Investment Management acquired a new stake in shares of Terreno Realty during the 3rd quarter worth $205,000. Finally, Blue Trust Inc. increased its holdings in shares of Terreno Realty by 72.6% during the 3rd quarter. Blue Trust Inc. now owns 3,067 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 1,290 shares during the last quarter.

Terreno Realty Stock Up 0.4 %

Shares of Terreno Realty stock opened at $67.08 on Friday. The business has a 50-day moving average of $62.56 and a 200-day moving average of $64.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $6.69 billion, a PE ratio of 34.94, a P/E/G ratio of 2.82 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.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate 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, equities analysts forecast that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 2.92%. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets upped their price objective on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective on the stock. Piper Sandler cut their price objective on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Barclays reissued an “equal weight” rating and issued a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Finally, The Goldman Sachs Group raised Terreno Realty from a “neutral” rating to a “buy” rating and raised their price objective for the company from $65.00 to $77.00 in a research report on Friday. 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $69.27.

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.