Zurcher Kantonalbank Zurich Cantonalbank grew its position in Terreno Realty Co. (NYSE:TRNO) by 8.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,478 shares of the real estate investment trust’s stock after purchasing an additional 1,337 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Terreno Realty were worth $904,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Terreno Realty by 0.8% in the first quarter. BlackRock Inc. now owns 6,343,391 shares of the real estate investment trust’s stock valued at $328,270,000 after purchasing an additional 50,302 shares during the period. Principal Financial Group Inc. grew its stake in shares of Terreno Realty by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 2,844,499 shares of the real estate investment trust’s stock worth $154,001,000 after acquiring an additional 84,779 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Terreno Realty by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 862,360 shares of the real estate investment trust’s stock worth $46,688,000 after acquiring an additional 44,488 shares during the last quarter. Norges Bank acquired a new stake in shares of Terreno Realty in the fourth quarter worth $40,053,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Terreno Realty by 95.3% in the first quarter. Bank of New York Mellon Corp now owns 701,144 shares of the real estate investment trust’s stock worth $36,285,000 after acquiring an additional 342,223 shares during the last quarter. 99.59% of the stock is currently owned by institutional investors.

TRNO opened at $48.08 on Friday. Terreno Realty Co. has a fifty-two week low of $42.12 and a fifty-two week high of $62.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.49 and a quick ratio of 3.49. The firm’s fifty day moving average price is $51.54 and its two-hundred day moving average price is $54.47. The company has a market capitalization of $3.23 billion, a P/E ratio of 60.86 and a beta of 0.69.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. Terreno Realty had a net margin of 30.10% and a return on equity of 3.52%. The firm had revenue of $45.12 million for the quarter, compared to the consensus estimate of $45.40 million. On average, equities research analysts expect that Terreno Realty Co. will post 1.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.08 dividend on an annualized basis and a yield of 2.25%. Terreno Realty’s dividend payout ratio is currently 78.26%.

Several equities research analysts have recently issued reports on the stock. Piper Sandler lowered their price objective on shares of Terreno Realty from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. DA Davidson restated a “buy” rating on shares of Terreno Realty in a research note on Wednesday, February 12th. KeyCorp raised their price objective on shares of Terreno Realty from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Robert W. Baird raised their price objective on shares of Terreno Realty from $50.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $59.80.

Terreno Realty Company Profile

Terreno Realty Corporation 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

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Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

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