Natixis Advisors L.P. Has $4.25 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Natixis Advisors L.P. raised its position in shares of Terreno Realty Co. (NYSE:TRNOGet Rating) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,445 shares of the real estate investment trust’s stock after purchasing an additional 1,497 shares during the period. Natixis Advisors L.P.’s holdings in Terreno Realty were worth $4,253,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TRNO. Goldman Sachs Group Inc. raised its position in Terreno Realty by 41.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,186,272 shares of the real estate investment trust’s stock valued at $186,466,000 after purchasing an additional 637,530 shares in the last quarter. JPMorgan Chase & Co. raised its position in Terreno Realty by 21.3% during the fourth quarter. JPMorgan Chase & Co. now owns 2,160,269 shares of the real estate investment trust’s stock valued at $184,249,000 after purchasing an additional 379,981 shares in the last quarter. State Street Corp raised its position in Terreno Realty by 11.6% during the fourth quarter. State Street Corp now owns 3,067,922 shares of the real estate investment trust’s stock valued at $262,659,000 after purchasing an additional 318,586 shares in the last quarter. Waratah Capital Advisors Ltd. raised its position in Terreno Realty by 1,648.6% during the fourth quarter. Waratah Capital Advisors Ltd. now owns 331,134 shares of the real estate investment trust’s stock valued at $28,242,000 after purchasing an additional 312,197 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Terreno Realty by 6.2% during the first quarter. Principal Financial Group Inc. now owns 5,107,697 shares of the real estate investment trust’s stock valued at $378,224,000 after purchasing an additional 296,605 shares in the last quarter. 99.27% of the stock is currently owned by institutional investors and hedge funds.

Terreno Realty Stock Performance

Shares of Terreno Realty stock opened at $60.13 on Tuesday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.36. Terreno Realty Co. has a twelve month low of $54.51 and a twelve month high of $86.00. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 26.37 and a beta of 0.75. The company’s fifty day moving average is $60.49 and its 200 day moving average is $65.33.

Terreno Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.40 dividend. This is a boost from Terreno Realty’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.66%. Terreno Realty’s payout ratio is currently 59.65%.

Analysts Set New Price Targets

TRNO has been the topic of a number of research reports. Piper Sandler decreased their target price on shares of Terreno Realty to $73.00 in a research note on Monday, July 4th. The Goldman Sachs Group decreased their target price on shares of Terreno Realty from $79.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, June 16th. Jefferies Financial Group decreased their target price on shares of Terreno Realty from $88.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. JMP Securities initiated coverage on shares of Terreno Realty in a research note on Wednesday, May 18th. They set an “outperform” rating and a $75.00 target price on the stock. Finally, TheStreet cut shares of Terreno Realty from a “b” rating to a “c+” rating in a research note on Thursday, May 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.13.

Terreno Realty Profile

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Terreno Realty Corporation 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 condensed notes to the consolidated financial statements are unaudited.

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Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

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