Xponance Inc. Acquires 597 Shares of Terreno Realty Co. (NYSE:TRNO)

Xponance Inc. boosted its holdings in Terreno Realty Co. (NYSE:TRNO) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,861 shares of the real estate investment trust’s stock after purchasing an additional 597 shares during the period. Xponance Inc.’s holdings in Terreno Realty were worth $406,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TRNO. Manchester Capital Management LLC purchased a new position in Terreno Realty in the fourth quarter valued at about $27,000. Steward Partners Investment Advisory LLC raised its holdings 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 worth $33,000 after purchasing an additional 361 shares during the period. Los Angeles Capital Management LLC purchased a new position in Terreno Realty in the fourth quarter valued at approximately $202,000. KBC Group NV grew its holdings in Terreno Realty by 40.7% during the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 1,059 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in Terreno Realty in the third quarter worth $225,000.

Terreno Realty Stock Performance

NYSE:TRNO opened at $63.92 on Thursday. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.38 billion, a P/E ratio of 33.29, a PEG ratio of 2.82 and a beta of 0.93. The business’s 50-day moving average price is $66.04 and its two-hundred day moving average price is $63.71.

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

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.07%. Terreno Realty’s dividend payout ratio is presently 102.08%.

Analyst Ratings Changes

Several research firms have recently weighed in on TRNO. JMP Securities reiterated a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. Barclays reduced their target price on shares of Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating for the company in a research note on Tuesday. Piper Sandler dropped their price target on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. BMO Capital Markets lifted their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Finally, Scotiabank increased their target price on 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 investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.09.

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.