Terreno Realty Co. (NYSE:TRNO) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC trimmed its position in Terreno Realty Co. (NYSE:TRNO) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,693 shares of the real estate investment trust’s stock after selling 344 shares during the quarter. NewEdge Wealth LLC’s holdings in Terreno Realty were worth $733,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Impax Asset Management Group plc boosted its holdings in Terreno Realty by 7.1% in the 4th quarter. Impax Asset Management Group plc now owns 150,000 shares of the real estate investment trust’s stock valued at $9,400,000 after purchasing an additional 10,000 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Terreno Realty by 3.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 339,696 shares of the real estate investment trust’s stock valued at $21,289,000 after purchasing an additional 10,824 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Terreno Realty by 1.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,394 shares of the real estate investment trust’s stock worth $2,469,000 after acquiring an additional 689 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Terreno Realty by 22.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 23,865 shares of the real estate investment trust’s stock worth $1,503,000 after purchasing an additional 4,318 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of Terreno Realty by 8.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 194,164 shares of the real estate investment trust’s stock worth $12,357,000 after purchasing an additional 15,138 shares during the period.

Terreno Realty Stock Down 1.9 %

Terreno Realty stock opened at $58.39 on Wednesday. Terreno Realty Co. has a 1-year low of $50.42 and a 1-year high of $66.63. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a market cap of $5.64 billion, a PE ratio of 32.26, a P/E/G ratio of 2.74 and a beta of 0.81. The stock’s fifty day moving average is $63.28 and its two-hundred day moving average is $60.09.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. Terreno Realty had a return on equity of 5.55% and a net margin of 46.76%. The company had revenue of $86.48 million for the quarter, compared to analysts’ expectations of $84.06 million. On average, sell-side analysts expect that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, March 28th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Wednesday, March 27th. Terreno Realty’s dividend payout ratio is presently 99.45%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays started coverage on Terreno Realty in a research note on Wednesday, March 27th. They set an “overweight” rating and a $71.00 price target on the stock. StockNews.com upgraded Terreno Realty from a “sell” rating to a “hold” rating in a research report on Saturday, March 23rd. Wedbush reiterated a “neutral” rating and issued a $67.00 price objective on shares of Terreno Realty in a research note on Thursday, March 28th. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of Terreno Realty in a research note on Thursday, March 28th. Finally, Mizuho increased their price objective on Terreno Realty from $52.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $67.11.

Terreno Realty Company 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.