GSI Capital Advisors LLC bought a new position in Terreno Realty Corporation (NYSE:TRNO – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 45,529 shares of the real estate investment trust’s stock, valued at approximately $2,673,000. Terreno Realty accounts for 1.5% of GSI Capital Advisors LLC’s investment portfolio, making the stock its 29th biggest position.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Terreno Realty by 4.0% during the 2nd quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock worth $336,139,000 after acquiring an additional 230,444 shares during the last quarter. Norges Bank bought a new stake in shares of Terreno Realty during the 4th quarter worth approximately $168,221,000. Geode Capital Management LLC lifted its stake in shares of Terreno Realty by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,718,337 shares of the real estate investment trust’s stock worth $159,620,000 after acquiring an additional 17,921 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Terreno Realty by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,516,331 shares of the real estate investment trust’s stock worth $86,051,000 after acquiring an additional 19,222 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Terreno Realty by 11.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,391,368 shares of the real estate investment trust’s stock worth $81,687,000 after acquiring an additional 138,889 shares during the last quarter.
Terreno Realty Trading Up 0.8%
Shares of NYSE TRNO opened at $66.75 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $65.33 and a two-hundred day simple moving average of $63.37. The firm has a market cap of $7.10 billion, a PE ratio of 16.32 and a beta of 1.05. Terreno Realty Corporation has a twelve month low of $53.00 and a twelve month high of $67.83.
Terreno Realty Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.08 dividend on an annualized basis and a yield of 3.1%. Terreno Realty’s payout ratio is 50.86%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Robert W. Baird set a $69.00 price target on Terreno Realty in a research note on Friday, May 8th. Scotiabank raised their price target on Terreno Realty from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings raised Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.
View Our Latest Report on Terreno Realty
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.
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