Vanguard Group Inc. Has $917.95 Million Stake in Terreno Realty Corporation $TRNO

Vanguard Group Inc. boosted its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,635,304 shares of the real estate investment trust’s stock after buying an additional 10,142 shares during the period. Vanguard Group Inc. owned approximately 15.12% of Terreno Realty worth $917,949,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Terreno Realty by 4.0% in the 2nd quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock valued at $336,139,000 after purchasing an additional 230,444 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Terreno Realty by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,516,331 shares of the real estate investment trust’s stock valued at $86,051,000 after purchasing an additional 19,222 shares in the last quarter. Tandem Investment Advisors Inc. boosted its stake in shares of Terreno Realty by 0.7% in the 3rd quarter. Tandem Investment Advisors Inc. now owns 1,418,870 shares of the real estate investment trust’s stock valued at $80,521,000 after purchasing an additional 10,024 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Terreno Realty by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,252,479 shares of the real estate investment trust’s stock valued at $71,078,000 after purchasing an additional 159,104 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Terreno Realty by 4.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,181,288 shares of the real estate investment trust’s stock valued at $67,038,000 after purchasing an additional 53,380 shares in the last quarter.

Terreno Realty Stock Up 0.1%

NYSE:TRNO opened at $65.24 on Friday. The firm’s 50 day simple moving average is $64.00 and its 200 day simple moving average is $62.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32. Terreno Realty Corporation has a one year low of $53.00 and a one year high of $67.55. The company has a market cap of $6.93 billion, a PE ratio of 16.73 and a beta of 1.06.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 EPS for the quarter, topping the consensus estimate of $0.85 by $0.68. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. The business had revenue of $137.48 million for the quarter, compared to the consensus estimate of $124.72 million. On average, research analysts anticipate that Terreno Realty Corporation will post 2.79 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were given a dividend of $0.52 per share. The ex-dividend date was Friday, March 27th. This represents a $2.08 annualized dividend and a yield of 3.2%. Terreno Realty’s dividend payout ratio (DPR) is currently 53.33%.

Wall Street Analyst Weigh In

TRNO has been the topic of a number of research analyst reports. UBS Group set a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 9th. Scotiabank raised their price target on shares of Terreno Realty from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Cantor Fitzgerald raised their price target on shares of Terreno Realty from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Citigroup raised their price target on shares of Terreno Realty from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Royal Bank Of Canada set a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.36.

About Terreno Realty

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.