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

Vanguard Group Inc. grew its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,635,304 shares of the real estate investment trust’s stock after purchasing an additional 10,142 shares during the quarter. Vanguard Group Inc. owned about 0.15% of Terreno Realty worth $917,949,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

TRNO has been the subject of several analyst reports. UBS Group set a $72.00 price target on shares of Terreno Realty in a report on Monday, February 9th. Scotiabank raised their price target on shares of Terreno Realty from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Robert W. Baird set a $67.00 price target on shares of Terreno Realty in a report on Wednesday, February 11th. iA Financial set a $75.00 price target on shares of Terreno Realty in a report on Friday, February 6th. Finally, Cantor Fitzgerald raised their price target on shares of Terreno Realty from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.36.

Terreno Realty Stock Performance

NYSE:TRNO opened at $65.24 on Friday. The company has a fifty day moving average of $64.00 and a 200-day moving average of $62.26. The firm has a market capitalization of $6.93 billion, a P/E ratio of 16.73 and a beta of 1.06. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. Terreno Realty Corporation has a twelve month low of $53.00 and a twelve month high of $67.55.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.68. The company had revenue of $137.48 million during the quarter, compared to analyst estimates of $124.72 million. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. As a group, sell-side analysts anticipate that Terreno Realty Corporation will post 2.79 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a $0.52 dividend. The ex-dividend date was Friday, March 27th. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. Terreno Realty’s payout ratio is currently 53.33%.

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.