Waterfront Capital Partners LLC Acquires Shares of 65,851 Terreno Realty Co. (NYSE:TRNO)

Waterfront Capital Partners LLC bought a new position in Terreno Realty Co. (NYSE:TRNO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 65,851 shares of the real estate investment trust’s stock, valued at approximately $3,894,000.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its position in Terreno Realty by 131.0% in the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock valued at $11,360,000 after acquiring an additional 96,380 shares in the last quarter. KBC Group NV raised its stake in shares of Terreno Realty by 40.7% in the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 1,059 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Terreno Realty by 1.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust’s stock valued at $10,561,000 after purchasing an additional 2,755 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Terreno Realty during the fourth quarter valued at $1,342,000. Finally, Tidal Investments LLC increased its holdings in Terreno Realty by 15.9% in the 3rd quarter. Tidal Investments LLC now owns 61,852 shares of the real estate investment trust’s stock worth $4,134,000 after buying an additional 8,490 shares in the last quarter.

Terreno Realty Trading Up 0.1 %

Shares of TRNO stock opened at $57.00 on Friday. The stock has a fifty day simple moving average of $62.28 and a two-hundred day simple moving average of $62.10. Terreno Realty Co. has a 52-week low of $48.18 and a 52-week high of $71.63. The firm has a market capitalization of $5.87 billion, a PE ratio of 29.69, a PEG ratio of 2.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, analysts predict that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.44%. The ex-dividend date was Thursday, March 27th. Terreno Realty’s payout ratio is currently 102.08%.

Analysts Set New Price Targets

TRNO has been the topic of several research analyst reports. Piper Sandler lowered their target price on shares of Terreno Realty from $61.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. BMO Capital Markets increased their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group raised shares of Terreno Realty from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. JMP Securities reiterated a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. Finally, Scotiabank dropped their target price on Terreno Realty from $68.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Monday, April 7th. Two investment 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’s stock. According to MarketBeat.com, Terreno Realty currently has an average rating of “Hold” and an average target price of $66.45.

Terreno Realty Company 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.