Terreno Realty Co. (NYSE:TRNO) Shares Acquired by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. grew its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 542,030 shares of the real estate investment trust’s stock after acquiring an additional 5,368 shares during the quarter. Terreno Realty comprises approximately 3.0% of Uniplan Investment Counsel Inc.’s investment portfolio, making the stock its 7th largest holding. Uniplan Investment Counsel Inc. owned about 0.54% of Terreno Realty worth $32,056,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Manchester Capital Management LLC purchased a new stake in Terreno Realty during the 4th quarter valued at about $27,000. Steward Partners Investment Advisory LLC increased its stake in shares of Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 361 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Terreno Realty by 94.6% during the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 370 shares during the last quarter. State of Tennessee Department of Treasury purchased a new stake in shares of Terreno Realty in the fourth quarter worth about $71,000. Finally, FIL Ltd grew its stake in shares of Terreno Realty by 45.3% during the 4th quarter. FIL Ltd now owns 1,213 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 378 shares during the period.

Terreno Realty Trading Down 3.2 %

Shares of TRNO opened at $55.84 on Tuesday. The firm’s fifty day moving average is $62.87 and its two-hundred day moving average is $62.23. The stock has a market cap of $5.75 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a 52-week low of $48.18 and a 52-week high of $71.63.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that Terreno Realty Co. 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 was paid on Friday, April 4th. Investors of record on Thursday, March 27th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.51%. Terreno Realty’s payout ratio is 102.08%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRNO. JMP Securities reissued a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. Piper Sandler reduced their price target on Terreno Realty from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and increased their price target for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price for the company. Finally, Scotiabank dropped their price target on shares of 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.45.

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.