Terreno Realty Co. (NYSE:TRNO) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,846 shares of the real estate investment trust’s stock after selling 402 shares during the period. Sanctuary Advisors LLC’s holdings in Terreno Realty were worth $1,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stifel Financial Corp boosted its position in Terreno Realty by 39.3% during the third quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust’s stock worth $6,156,000 after purchasing an additional 25,988 shares in the last quarter. Barclays PLC boosted its position in Terreno Realty by 131.0% during the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock worth $11,360,000 after purchasing an additional 96,380 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Terreno Realty by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock worth $115,475,000 after purchasing an additional 315,506 shares in the last quarter. Geode Capital Management LLC boosted its position in Terreno Realty by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock worth $161,423,000 after purchasing an additional 8,940 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in Terreno Realty during the third quarter worth approximately $225,000.

Terreno Realty Trading Up 0.4 %

NYSE:TRNO opened at $67.26 on Wednesday. The firm has a market cap of $6.71 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The stock has a fifty day moving average price of $62.76 and a 200 day moving average price of $64.00. Terreno Realty Co. has a 12-month low of $53.78 and a 12-month high of $71.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24.

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

Terreno Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders 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 2.91%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Wall Street Analyst Weigh In

TRNO has been the topic of a number of recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. Piper Sandler decreased their target price 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. BMO Capital Markets raised their target price on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Barclays restated an “equal weight” rating and issued a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Finally, The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and raised their target price for the company from $65.00 to $77.00 in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Terreno Realty presently has a consensus rating of “Hold” and a consensus price target of $69.27.

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.