BNP Paribas Financial Markets Boosts Stock Position in Terreno Realty Co. (NYSE:TRNO)

BNP Paribas Financial Markets grew its stake in Terreno Realty Co. (NYSE:TRNO) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,246 shares of the real estate investment trust’s stock after purchasing an additional 1,745 shares during the period. BNP Paribas Financial Markets’ holdings in Terreno Realty were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Terreno Realty by 10.8% in the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock worth $902,293,000 after acquiring an additional 1,484,301 shares during the period. FMR LLC grew its position in Terreno Realty by 5.9% in the fourth quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust’s stock worth $663,987,000 after acquiring an additional 628,116 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Terreno Realty by 4.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,145,502 shares of the real estate investment trust’s stock worth $304,305,000 after acquiring an additional 210,696 shares during the period. Geode Capital Management LLC grew its position in Terreno Realty by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust’s stock worth $144,031,000 after acquiring an additional 19,900 shares during the period. Finally, Northern Trust Corp grew its position in Terreno Realty by 51.6% in the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust’s stock worth $109,150,000 after acquiring an additional 628,065 shares during the period.

Terreno Realty Stock Down 0.2%

Terreno Realty stock opened at $58.49 on Tuesday. The stock’s fifty day moving average is $58.83 and its two-hundred day moving average is $61.42. The stock has a market cap of $6.04 billion, a PE ratio of 30.46, a P/E/G ratio of 2.82 and a beta of 1.07. Terreno Realty Co. has a 1-year low of $48.18 and a 1-year high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Friday, June 27th. Terreno Realty’s dividend payout ratio is currently 98.49%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRNO. JMP Securities restated a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. BMO Capital Markets upped their price target on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Piper Sandler decreased their price target on Terreno Realty from $61.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Finally, Scotiabank decreased their price target on Terreno Realty from $68.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $65.36.

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.