American Century Companies Inc. Has $102.68 Million Position in Terreno Realty Corporation $TRNO

American Century Companies Inc. raised its holdings in Terreno Realty Corporation (NYSE:TRNO) by 13.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,831,310 shares of the real estate investment trust’s stock after acquiring an additional 223,438 shares during the quarter. American Century Companies Inc. owned about 1.77% of Terreno Realty worth $102,682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TRNO. Charles Schwab Investment Management Inc. grew its stake in shares of Terreno Realty by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,884,086 shares of the real estate investment trust’s stock worth $119,112,000 after purchasing an additional 45,583 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Terreno Realty by 2.2% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 112,252 shares of the real estate investment trust’s stock valued at $6,294,000 after buying an additional 2,463 shares during the period. Amundi boosted its holdings in Terreno Realty by 9.3% during the first quarter. Amundi now owns 56,495 shares of the real estate investment trust’s stock worth $3,272,000 after buying an additional 4,785 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Terreno Realty by 14.1% during the 1st quarter. Intech Investment Management LLC now owns 46,811 shares of the real estate investment trust’s stock worth $2,959,000 after buying an additional 5,796 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Terreno Realty by 88.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,268 shares of the real estate investment trust’s stock valued at $1,753,000 after acquiring an additional 14,664 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently weighed in on TRNO shares. The Goldman Sachs Group lifted their price objective on shares of Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. KeyCorp cut their target price on shares of Terreno Realty from $70.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, August 21st. Barclays lifted their price target on shares of Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, September 15th. Piper Sandler upgraded shares of Terreno Realty from a “neutral” rating to an “overweight” rating and set a $75.00 price objective for the company in a research report on Monday, November 10th. Finally, UBS Group set a $71.00 price objective on Terreno Realty in a research note on Tuesday, October 21st. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.25.

Terreno Realty Stock Up 0.5%

Shares of Terreno Realty stock opened at $62.57 on Wednesday. The firm has a market cap of $6.47 billion, a PE ratio of 24.83, a P/E/G ratio of 2.51 and a beta of 1.07. The business’s 50 day simple moving average is $59.28 and its 200 day simple moving average is $57.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.75. Terreno Realty Corporation has a 52-week low of $48.18 and a 52-week high of $69.20.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.34. Terreno Realty had a return on equity of 6.71% and a net margin of 59.56%.The firm had revenue of $116.25 million during the quarter, compared to the consensus estimate of $114.62 million. On average, analysts predict that Terreno Realty Corporation will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Monday, December 15th will be issued a $0.52 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. Terreno Realty’s dividend payout ratio (DPR) is presently 66.03%.

Insider Buying and Selling at Terreno Realty

In other news, EVP John Tull Meyer sold 4,758 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $59.95, for a total transaction of $285,242.10. Following the sale, the executive vice president owned 119,949 shares in the company, valued at $7,190,942.55. This represents a 3.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.40% of the stock is owned by company insiders.

Terreno Realty 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.