Sumitomo Mitsui Trust Holdings Inc. Buys 6,102 Shares of Terreno Realty Co. (NYSE:TRNO)

Sumitomo Mitsui Trust Holdings Inc. increased its stake in Terreno Realty Co. (NYSE:TRNO) by 6.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 98,648 shares of the real estate investment trust’s stock after purchasing an additional 6,102 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Terreno Realty were worth $6,182,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Terreno Realty by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock worth $677,009,000 after purchasing an additional 168,728 shares during the period. FMR LLC raised its holdings in Terreno Realty by 10.3% during the third quarter. FMR LLC now owns 5,260,376 shares of the real estate investment trust’s stock valued at $298,789,000 after acquiring an additional 493,182 shares during the period. Principal Financial Group Inc. raised its holdings in Terreno Realty by 0.9% during the third quarter. Principal Financial Group Inc. now owns 4,475,199 shares of the real estate investment trust’s stock valued at $254,189,000 after acquiring an additional 39,020 shares during the period. Invesco Ltd. raised its holdings in Terreno Realty by 11.1% during the third quarter. Invesco Ltd. now owns 4,113,232 shares of the real estate investment trust’s stock valued at $233,632,000 after acquiring an additional 411,973 shares during the period. Finally, Northern Trust Corp raised its holdings in Terreno Realty by 2.5% during the third quarter. Northern Trust Corp now owns 1,352,836 shares of the real estate investment trust’s stock valued at $76,841,000 after acquiring an additional 32,391 shares during the period.

Terreno Realty Trading Up 2.6 %

Shares of NYSE TRNO opened at $56.52 on Wednesday. The business’s 50 day moving average is $62.58 and its two-hundred day moving average is $60.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.68 and a quick ratio of 2.68. Terreno Realty Co. has a 1-year low of $50.42 and a 1-year high of $66.63. The stock has a market capitalization of $5.46 billion, a P/E ratio of 31.23, a PEG ratio of 2.53 and a beta of 0.81.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate 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. As a group, research analysts expect that Terreno Realty Co. will post 2.42 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 annualized dividend and a yield of 3.18%. Terreno Realty’s payout ratio is currently 99.45%.

Analyst Ratings Changes

A number of equities research analysts have commented on TRNO shares. Scotiabank raised their price target on Terreno Realty from $64.00 to $66.00 and gave the company a “sector perform” rating in a report on Monday, February 12th. Mizuho raised their price target on Terreno Realty from $52.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Barclays started coverage on Terreno Realty in a research report on Wednesday, March 27th. They set an “overweight” rating and a $71.00 price objective for the company. StockNews.com upgraded Terreno Realty from a “sell” rating to a “hold” rating in a research report on Saturday, March 23rd. Finally, Piper Sandler raised their price objective on Terreno Realty from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $67.11.

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.