Terreno Realty Corporation $TRNO Shares Acquired by Congress Asset Management Co.

Congress Asset Management Co. lifted its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 3.8% in the fourth quarter, Holdings Channel reports. The firm owned 566,448 shares of the real estate investment trust’s stock after purchasing an additional 20,890 shares during the period. Congress Asset Management Co.’s holdings in Terreno Realty were worth $33,256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Strs Ohio lifted its position in Terreno Realty by 131.6% during the third quarter. Strs Ohio now owns 286,300 shares of the real estate investment trust’s stock valued at $16,248,000 after buying an additional 162,700 shares in the last quarter. Castellan Group acquired a new stake in shares of Terreno Realty in the third quarter worth $3,578,000. Bessemer Group Inc. increased its position in shares of Terreno Realty by 16.5% in the third quarter. Bessemer Group Inc. now owns 564,695 shares of the real estate investment trust’s stock worth $32,046,000 after acquiring an additional 79,964 shares in the last quarter. DigitalBridge Group Inc. raised its stake in shares of Terreno Realty by 29.0% in the 3rd quarter. DigitalBridge Group Inc. now owns 346,700 shares of the real estate investment trust’s stock valued at $18,649,000 after acquiring an additional 78,000 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Terreno Realty by 4.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,181,288 shares of the real estate investment trust’s stock valued at $67,038,000 after acquiring an additional 53,380 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. iA Financial set a $75.00 target price on shares of Terreno Realty in a report on Friday, February 6th. UBS Group set a $72.00 price objective on Terreno Realty in a research report on Monday, February 9th. Cantor Fitzgerald boosted their price objective on Terreno Realty from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Piper Sandler upped their target price on Terreno Realty from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Finally, Mizuho increased their target price on Terreno Realty from $53.00 to $56.00 and gave the company an “underperform” rating in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Terreno Realty has a consensus rating of “Moderate Buy” and a consensus target price of $69.36.

Terreno Realty Stock Performance

Terreno Realty stock opened at $60.99 on Wednesday. Terreno Realty Corporation has a 52 week low of $48.18 and a 52 week high of $66.74. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.48 billion, a P/E ratio of 15.64 and a beta of 1.12. The stock has a 50 day moving average of $63.53 and a 200-day moving average of $61.08.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.68. The firm had revenue of $137.48 million for the quarter, compared to analysts’ expectations of $124.72 million. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. On average, analysts expect that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $2.08 annualized dividend and a dividend yield of 3.4%. Terreno Realty’s dividend payout ratio (DPR) is presently 53.33%.

Terreno Realty Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.