Terreno Realty Co. (NYSE:TRNO) Shares Sold by Ninepoint Partners LP

Ninepoint Partners LP lowered its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 16.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,814 shares of the real estate investment trust’s stock after selling 352 shares during the period. Ninepoint Partners LP’s holdings in Terreno Realty were worth $114,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TRNO. Metropolitan Life Insurance Co NY increased its stake in shares of Terreno Realty by 2.5% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,638 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 164 shares during the period. Advisor Group Holdings Inc. raised its position in Terreno Realty by 6.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,948 shares of the real estate investment trust’s stock worth $320,000 after buying an additional 253 shares during the last quarter. Ronald Blue Trust Inc. lifted its holdings in Terreno Realty by 93.9% in the third quarter. Ronald Blue Trust Inc. now owns 537 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 260 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of Terreno Realty by 1.6% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 17,326 shares of the real estate investment trust’s stock worth $1,041,000 after acquiring an additional 277 shares in the last quarter. Finally, Mariner LLC boosted its stake in shares of Terreno Realty by 5.8% during the third quarter. Mariner LLC now owns 5,487 shares of the real estate investment trust’s stock valued at $312,000 after acquiring an additional 300 shares during the last quarter.

Terreno Realty Stock Performance

TRNO traded down $0.21 during trading on Friday, reaching $54.54. 212,722 shares of the company’s stock were exchanged, compared to its average volume of 711,142. The company has a market capitalization of $5.26 billion, a P/E ratio of 30.25, a PEG ratio of 2.55 and a beta of 0.81. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $63.02 and a 200 day moving average price of $60.02. Terreno Realty Co. has a fifty-two week low of $50.42 and a fifty-two week high of $66.63.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. The business had revenue of $86.48 million for the quarter, compared to analysts’ expectations of $84.06 million. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. As a group, analysts predict that Terreno Realty Co. will post 2.42 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, March 28th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 3.30%. Terreno Realty’s dividend payout ratio is presently 99.45%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TRNO shares. Scotiabank upped their price objective on shares of Terreno Realty from $64.00 to $66.00 and gave the company a “sector perform” rating in a research note on Monday, February 12th. JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of Terreno Realty in a research note on Thursday, March 28th. Piper Sandler boosted their price objective on Terreno Realty from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Barclays started coverage on Terreno Realty in a report on Wednesday, March 27th. They set an “overweight” rating and a $71.00 price target on the stock. Finally, Mizuho upped their price target on shares of Terreno Realty from $52.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Terreno Realty currently has a consensus rating of “Hold” and a consensus price target of $67.11.

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.