Congress Wealth Management LLC DE Purchases 141,450 Shares of Terreno Realty Co. (NYSE:TRNO)

Congress Wealth Management LLC DE boosted its position in Terreno Realty Co. (NYSE:TRNO) by 383.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 178,332 shares of the real estate investment trust’s stock after acquiring an additional 141,450 shares during the period. Congress Wealth Management LLC DE owned 0.18% of Terreno Realty worth $10,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC lifted its stake in shares of Terreno Realty by 6.1% in the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 249 shares during the period. Arizona State Retirement System lifted its stake in Terreno Realty by 1.0% in the fourth quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust’s stock valued at $1,663,000 after buying an additional 276 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Terreno Realty by 176.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 361 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Terreno Realty by 0.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust’s stock worth $8,050,000 after buying an additional 370 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Terreno Realty by 3.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,585 shares of the real estate investment trust’s stock valued at $685,000 after acquiring an additional 400 shares during the last quarter.

Terreno Realty Stock Performance

Shares of TRNO opened at $64.10 on Tuesday. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The firm has a fifty day simple moving average of $65.89 and a 200 day simple moving average of $63.75. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24.

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

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio is currently 102.08%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TRNO. Piper Sandler decreased their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective on the stock. Scotiabank boosted their target price on Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, February 28th. Barclays reiterated an “equal weight” rating and set a $60.00 price objective (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Finally, BMO Capital Markets increased their target price on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $69.36.

About Terreno Realty

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.