21,295 Shares in Terreno Realty Corporation $TRNO Purchased by Prudential PLC

Prudential PLC bought a new stake in shares of Terreno Realty Corporation (NYSE:TRNO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,295 shares of the real estate investment trust’s stock, valued at approximately $1,250,000.

A number of other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its holdings 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 buying an additional 230,444 shares in the last quarter. Norges Bank purchased a new position in Terreno Realty during the 4th quarter worth approximately $168,221,000. Geode Capital Management LLC raised its position in Terreno Realty by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,718,337 shares of the real estate investment trust’s stock worth $159,620,000 after buying an additional 17,921 shares during the last quarter. Dimensional Fund Advisors LP raised its position 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 buying an additional 19,222 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position 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 buying an additional 159,104 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TRNO. Wells Fargo & Company reduced their price target on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. UBS Group set a $72.00 price target on shares of Terreno Realty in a report on Monday, February 9th. Robert W. Baird set a $69.00 price target on shares of Terreno Realty in a report on Friday, May 8th. Weiss Ratings raised shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Scotiabank lifted their target price on shares of Terreno Realty from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Terreno Realty presently has an average rating of “Moderate Buy” and a consensus price target of $69.64.

Terreno Realty Trading Down 0.1%

Shares of TRNO stock opened at $64.30 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $6.84 billion, a PE ratio of 15.72 and a beta of 1.05. The company has a 50-day moving average of $64.94 and a two-hundred day moving average of $63.22. Terreno Realty Corporation has a 1-year low of $53.00 and a 1-year high of $67.55.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.36. The company had revenue of $124.44 million during the quarter, compared to analyst estimates of $122.60 million. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. On average, analysts predict that Terreno Realty Corporation will post 2.79 EPS for the current year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, June 26th. Terreno Realty’s dividend payout ratio is currently 50.86%.

Terreno Realty Company Profile

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.