Terreno Realty Co. (NYSE:TRNO) Shares Acquired by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. grew its holdings in Terreno Realty Co. (NYSE:TRNO) by 40.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 977,150 shares of the real estate investment trust’s stock after buying an additional 280,109 shares during the period. Terreno Realty accounts for about 2.4% of Tandem Investment Advisors Inc.’s holdings, making the stock its 22nd biggest holding. Tandem Investment Advisors Inc.’s holdings in Terreno Realty were worth $61,238,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Metropolitan Life Insurance Co NY raised its position in shares of Terreno Realty by 2.5% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,638 shares of the real estate investment trust’s stock valued at $378,000 after buying an additional 164 shares during the last quarter. Advisor Group Holdings Inc. increased its position in Terreno Realty by 6.8% during the first quarter. Advisor Group Holdings Inc. now owns 3,948 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 253 shares during the last quarter. Ronald Blue Trust Inc. increased its position in Terreno Realty by 93.9% during the third quarter. Ronald Blue Trust Inc. now owns 537 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 260 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Terreno Realty by 1.6% during the second quarter. Orion Portfolio Solutions LLC now owns 17,326 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 277 shares during the last quarter. Finally, Mariner LLC increased its position in Terreno Realty by 5.8% during the third quarter. Mariner LLC now owns 5,487 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 300 shares during the last quarter.

Terreno Realty Trading Down 5.0 %

Shares of Terreno Realty stock traded down $2.93 on Wednesday, reaching $55.52. The company had a trading volume of 1,544,891 shares, compared to its average volume of 714,351. The firm’s 50 day moving average price is $63.28 and its two-hundred day moving average price is $60.09. The firm has a market cap of $5.36 billion, a PE ratio of 30.67, a PEG ratio of 2.74 and a beta of 0.81. Terreno Realty Co. has a 52-week low of $50.42 and a 52-week high of $66.63. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.68 and a current ratio of 2.68.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data 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 firm had revenue of $86.48 million during 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%. Sell-side analysts predict that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Thursday, March 28th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Wednesday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 99.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TRNO shares. The Goldman Sachs Group raised their price objective on shares of Terreno Realty from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Piper Sandler raised their price objective on shares of Terreno Realty from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Wedbush restated a “neutral” rating and set a $67.00 price objective on shares of Terreno Realty in a research report on Thursday, March 28th. Barclays started coverage on shares of Terreno Realty in a research report on Wednesday, March 27th. They set an “overweight” rating and a $71.00 price objective for the company. Finally, StockNews.com upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a research report on Saturday, March 23rd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.