5,114 Shares in Terreno Realty Co. (NYSE:TRNO) Acquired by Norden Group LLC

Norden Group LLC purchased a new stake in Terreno Realty Co. (NYSE:TRNO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,114 shares of the real estate investment trust’s stock, valued at approximately $321,000.

Several other institutional investors have also modified their holdings of TRNO. Vanguard Group Inc. increased its stake in shares of Terreno Realty by 1.4% during the third quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock worth $677,009,000 after buying an additional 168,728 shares during the period. Wellington Management Group LLP grew its holdings in Terreno Realty by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 598,005 shares of the real estate investment trust’s stock worth $33,967,000 after acquiring an additional 46,475 shares in the last quarter. Townsquare Capital LLC increased its position in shares of Terreno Realty by 12.0% in the 3rd quarter. Townsquare Capital LLC now owns 22,073 shares of the real estate investment trust’s stock valued at $1,254,000 after purchasing an additional 2,364 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in shares of Terreno Realty by 63.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 27,224 shares of the real estate investment trust’s stock valued at $1,546,000 after purchasing an additional 10,617 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Terreno Realty by 11.1% in the 3rd quarter. Invesco Ltd. now owns 4,113,232 shares of the real estate investment trust’s stock valued at $233,632,000 after purchasing an additional 411,973 shares in the last quarter.

Analysts Set New Price Targets

TRNO has been the subject of a number of analyst reports. Wedbush reiterated a “neutral” rating and set a $67.00 target price on shares of Terreno Realty in a research note on Thursday, March 28th. Piper Sandler increased their price objective on Terreno Realty from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Scotiabank boosted their target price on Terreno Realty from $64.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Monday, February 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of Terreno Realty in a report on Thursday, March 28th. Finally, Mizuho raised their price objective on shares of Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.11.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $54.29 on Thursday. Terreno Realty Co. has a 52 week low of $50.42 and a 52 week high of $66.63. The company has a 50-day moving average price of $61.61 and a 200 day moving average price of $59.94. The company has a market cap of $5.24 billion, a P/E ratio of 29.99, a PEG ratio of 2.50 and a beta of 0.85. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.28.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.58 by $0.10. The company had revenue of $86.48 million for the quarter, compared to analyst estimates of $84.06 million. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. Research analysts predict that Terreno Realty Co. will post 2.42 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Thursday, March 28th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 annualized dividend and a yield of 3.32%. Terreno Realty’s dividend payout ratio is presently 99.45%.

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.