Versor Investments LP Sells 748 Shares of Terreno Realty Co. (NYSE:TRNO)

Versor Investments LP lowered its position in Terreno Realty Co. (NYSE:TRNO) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,652 shares of the real estate investment trust’s stock after selling 748 shares during the period. Versor Investments LP’s holdings in Terreno Realty were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp raised its holdings in shares of Terreno Realty by 39.3% in the third quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust’s stock worth $6,156,000 after buying an additional 25,988 shares during the period. Barclays PLC grew its position in Terreno Realty by 131.0% in the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock valued at $11,360,000 after acquiring an additional 96,380 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Terreno Realty by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock worth $115,475,000 after purchasing an additional 315,506 shares during the period. Geode Capital Management LLC lifted its position in shares of Terreno Realty by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock worth $161,423,000 after purchasing an additional 8,940 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Terreno Realty during the third quarter worth $225,000.

Terreno Realty Price Performance

TRNO opened at $67.79 on Monday. The firm has a market capitalization of $6.76 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The business’s 50-day moving average is $63.38 and its two-hundred day moving average is $63.99. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (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 anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 2.89%. Terreno Realty’s dividend payout ratio is presently 102.08%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TRNO. Piper Sandler cut their price target on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Barclays restated an “equal weight” rating and issued a $60.00 target price (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and boosted their price target for the company from $65.00 to $77.00 in a report on Friday, February 21st. Finally, Scotiabank increased their price objective on Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average 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.