Terreno Realty Co. (NYSE:TRNO) Short Interest Update

Terreno Realty Co. (NYSE:TRNO) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,930,000 shares, a drop of 13.8% from the February 13th total of 6,880,000 shares. Based on an average daily volume of 1,340,000 shares, the short-interest ratio is presently 4.4 days. Approximately 6.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Terreno Realty

A number of institutional investors have recently bought and sold shares of TRNO. Assetmark Inc. lifted its holdings in shares of Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 381 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in shares of Terreno Realty during the 4th quarter valued at about $27,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 361 shares during the last quarter. Quarry LP lifted its holdings in shares of Terreno Realty by 613.7% during the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 626 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Terreno Realty by 94.6% during the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 370 shares during the last quarter.

Terreno Realty Stock Down 0.3 %

NYSE TRNO traded down $0.23 during trading on Thursday, reaching $66.11. 41,174 shares of the company’s stock were exchanged, compared to its average volume of 851,334. Terreno Realty has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The firm has a market capitalization of $6.60 billion, a PE ratio of 34.43, a P/E/G ratio of 2.82 and a beta of 0.93. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $65.56 and its 200-day simple moving average is $63.88.

Terreno Realty (NYSE:TRNO) last announced 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 return on equity of 5.20% and a net margin of 48.18%. Sell-side analysts predict that Terreno Realty will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 2.96%. Terreno Realty’s payout ratio is presently 102.08%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TRNO shares. The Goldman Sachs Group raised Terreno Realty from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Barclays reaffirmed an “equal weight” rating and set a $60.00 target price (down from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price on the stock. Piper Sandler lowered their target price on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.