Segall Bryant & Hamill LLC Has $30.14 Million Stake in Terreno Realty Co. (NYSE:TRNO)

Segall Bryant & Hamill LLC reduced its stake in Terreno Realty Co. (NYSE:TRNO) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 509,647 shares of the real estate investment trust’s stock after selling 3,817 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.51% of Terreno Realty worth $30,141,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TRNO. Manchester Capital Management LLC acquired a new stake in shares of Terreno Realty during the 4th quarter worth $27,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Terreno Realty by 176.1% in 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 purchasing an additional 361 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Terreno Realty in the 4th quarter valued at approximately $76,000. Verition Fund Management LLC acquired a new stake in shares of Terreno Realty in the 3rd quarter valued at approximately $225,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Terreno Realty during the 4th quarter valued at approximately $202,000.

Terreno Realty Stock Performance

Shares of Terreno Realty stock opened at $64.10 on Tuesday. The business has a 50-day moving average price of $65.89 and a two-hundred day moving average price of $63.75. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year high of $71.63. 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 has a market cap of $6.40 billion, a P/E ratio of 33.39, a PEG ratio of 2.82 and a beta of 0.93.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. As a group, analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 target price for the company. Piper Sandler dropped their target price on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group raised Terreno Realty from a “neutral” rating to a “buy” rating and upped their price objective for the company from $65.00 to $77.00 in a research note on Friday, February 21st. Finally, Scotiabank lifted their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, February 28th. Two research 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, Terreno Realty currently has a consensus rating of “Hold” and a consensus target price of $69.36.

Terreno Realty 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.