D L Carlson Investment Group Inc. Has $1.90 Million Holdings in Terreno Realty Co. (NYSE:TRNO)

D L Carlson Investment Group Inc. lowered its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,042 shares of the real estate investment trust’s stock after selling 4,457 shares during the period. D L Carlson Investment Group Inc.’s holdings in Terreno Realty were worth $1,895,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC bought a new stake in shares of Terreno Realty during the fourth quarter worth $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 purchasing an additional 361 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Terreno Realty in the 4th quarter worth $76,000. Los Angeles Capital Management LLC bought a new position in shares of Terreno Realty during the 4th quarter worth approximately $202,000. Finally, Virtu Financial LLC acquired a new stake in shares of Terreno Realty in the fourth quarter valued at about $205,000.

Terreno Realty Price Performance

NYSE:TRNO opened at $62.68 on Monday. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. The stock has a fifty day moving average of $66.11 and a 200 day moving average of $63.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 2.82 and a beta of 0.93.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data 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%. On average, research analysts expect that Terreno Realty Co. will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business 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. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio is currently 102.08%.

Analyst Upgrades and Downgrades

TRNO has been the topic of several research reports. JMP Securities reiterated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. Piper Sandler dropped their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price target on the stock. Barclays cut their price target on shares of Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 25th. Finally, Scotiabank raised their target price on Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.09.

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.