Terreno Realty Co. (NYSE:TRNO) Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 10.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,293 shares of the real estate investment trust’s stock after acquiring an additional 1,903 shares during the period. LPL Financial LLC’s holdings in Terreno Realty were worth $1,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRNO. Charles Schwab Investment Management Inc. increased its position in Terreno Realty by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust’s stock worth $108,729,000 after buying an additional 110,610 shares during the period. Thrivent Financial for Lutherans grew its position in Terreno Realty by 1.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,288,168 shares of the real estate investment trust’s stock worth $76,183,000 after purchasing an additional 14,995 shares during the last quarter. Copeland Capital Management LLC increased its stake in Terreno Realty by 7.1% in the fourth quarter. Copeland Capital Management LLC now owns 1,209,144 shares of the real estate investment trust’s stock valued at $71,509,000 after purchasing an additional 79,701 shares during the period. Tandem Investment Advisors Inc. raised its holdings in shares of Terreno Realty by 5.1% in the fourth quarter. Tandem Investment Advisors Inc. now owns 1,081,224 shares of the real estate investment trust’s stock valued at $63,944,000 after buying an additional 52,785 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Terreno Realty by 58.3% during the fourth quarter. Bank of New York Mellon Corp now owns 948,090 shares of the real estate investment trust’s stock worth $56,070,000 after buying an additional 349,060 shares during the period.

Terreno Realty Stock Performance

Shares of TRNO opened at $57.65 on Friday. The company has a 50-day moving average of $63.09 and a two-hundred day moving average of $62.32. The stock has a market cap of $5.94 billion, a P/E ratio of 30.03, a PEG ratio of 2.82 and a beta of 1.00. Terreno Realty Co. has a 12-month low of $48.18 and a 12-month high of $71.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. As a group, research analysts predict that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were issued a $0.49 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.40%. Terreno Realty’s dividend payout ratio is currently 102.08%.

Wall Street Analyst Weigh In

TRNO has been the subject of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. BMO Capital Markets lifted their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Piper Sandler cut their price objective on shares of Terreno Realty from $61.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. The Goldman Sachs Group upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Finally, Barclays lowered their price objective on Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $66.45.

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.