Bessemer Group Inc. Buys 79,964 Shares of Terreno Realty Corporation $TRNO

Bessemer Group Inc. raised its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 16.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 564,695 shares of the real estate investment trust’s stock after buying an additional 79,964 shares during the period. Bessemer Group Inc. owned about 0.55% of Terreno Realty worth $32,046,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in Terreno Realty by 73.3% during the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 189 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Terreno Realty during the 3rd quarter valued at about $25,000. First Horizon Corp purchased a new stake in shares of Terreno Realty during the 3rd quarter valued at about $26,000. Geneos Wealth Management Inc. lifted its stake in shares of Terreno Realty by 304.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 350 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of Terreno Realty by 140.6% in the second quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 357 shares during the last quarter.

Terreno Realty Trading Up 1.1%

Shares of TRNO stock opened at $65.17 on Friday. Terreno Realty Corporation has a 52-week low of $48.18 and a 52-week high of $69.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market capitalization of $6.74 billion, a PE ratio of 20.69, a PEG ratio of 2.59 and a beta of 1.13. The stock has a fifty day simple moving average of $61.08 and a two-hundred day simple moving average of $59.12.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.66 by $0.34. Terreno Realty had a return on equity of 8.27% and a net margin of 72.41%.The business had revenue of $116.25 million for the quarter, compared to the consensus estimate of $114.62 million. On average, analysts predict that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is 66.03%.

Analysts Set New Price Targets

TRNO has been the subject of a number of research reports. Barclays reaffirmed a “positive” rating and set a $60.00 target price on shares of Terreno Realty in a report on Tuesday, January 13th. UBS Group set a $56.00 price objective on shares of Terreno Realty in a research report on Thursday, December 4th. Cantor Fitzgerald set a $67.00 target price on Terreno Realty in a report on Monday, January 5th. Citigroup lifted their target price on Terreno Realty from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, November 13th. Finally, The Goldman Sachs Group upped their price target on Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Terreno Realty has an average rating of “Moderate Buy” and an average target price of $66.00.

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.