Great West Life Assurance Co. Can Purchases Shares of 70,030 Terreno Realty Co. (NYSE:TRNO)

Great West Life Assurance Co. Can purchased a new stake in Terreno Realty Co. (NYSE:TRNOGet Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 70,030 shares of the real estate investment trust’s stock, valued at approximately $3,709,000. Great West Life Assurance Co. Can owned 0.09% of Terreno Realty as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in Terreno Realty in the 1st quarter valued at approximately $28,000. Better Money Decisions LLC acquired a new position in Terreno Realty in the 2nd quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Terreno Realty in the 2nd quarter valued at approximately $37,000. First Horizon Advisors Inc. increased its position in Terreno Realty by 46.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 669 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 212 shares during the period. Finally, Wipfli Financial Advisors LLC acquired a new position in Terreno Realty in the 3rd quarter valued at approximately $38,000. 98.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRNO has been the topic of a number of analyst reports. Stifel Nicolaus initiated coverage on shares of Terreno Realty in a research note on Wednesday, October 12th. They issued a “buy” rating and a $62.00 price objective on the stock. TheStreet raised shares of Terreno Realty from a “c+” rating to a “b-” rating in a research note on Wednesday, November 30th. Scotiabank lowered shares of Terreno Realty from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $73.00 to $54.00 in a research note on Monday, October 17th. BTIG Research reduced their price objective on shares of Terreno Realty from $94.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, October 17th. Finally, Piper Sandler reduced their price objective on shares of Terreno Realty from $73.00 to $69.00 and set an “overweight” rating on the stock in a research note on Friday, October 7th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Terreno Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Terreno Realty Stock Up 1.4 %

Shares of NYSE TRNO opened at $63.80 on Tuesday. The firm has a market cap of $4.85 billion, a PE ratio of 28.11 and a beta of 0.78. Terreno Realty Co. has a 12-month low of $50.36 and a 12-month high of $81.01. The company’s fifty day simple moving average is $58.48 and its 200 day simple moving average is $58.48. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.38.

Terreno Realty (NYSE:TRNOGet Rating) last issued its earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.21). The company had revenue of $70.80 million for the quarter, compared to the consensus estimate of $66.95 million. Terreno Realty had a return on equity of 8.14% and a net margin of 65.44%. As a group, sell-side analysts forecast that Terreno Realty Co. will post 1.97 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Thursday, December 29th. Terreno Realty’s dividend payout ratio (DPR) is 70.48%.

Insider Buying and Selling at Terreno Realty

In other Terreno Realty news, Director Leroy E. Carlson sold 4,000 shares of the firm’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $58.49, for a total value of $233,960.00. Following the transaction, the director now directly owns 37,791 shares of the company’s stock, valued at $2,210,395.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.40% of the company’s stock.

Terreno Realty Profile

(Get Rating)

Terreno Realty Corp. operates as a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W.

Further Reading

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

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