Terreno Realty Co. (NYSE:TRNO) Stock Holdings Increased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 402,460 shares of the real estate investment trust’s stock after acquiring an additional 19,911 shares during the period. Hsbc Holdings PLC’s holdings in Terreno Realty were worth $23,803,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock valued at $11,360,000 after acquiring an additional 96,380 shares in the last quarter. KBC Group NV grew its stake in Terreno Realty by 40.7% in 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 in the last quarter. Asset Management One Co. Ltd. increased its position in Terreno Realty by 1.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust’s stock worth $10,561,000 after purchasing an additional 2,755 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Terreno Realty during the 4th quarter worth about $1,342,000. Finally, Tidal Investments LLC lifted its holdings in shares of Terreno Realty by 15.9% during the 3rd quarter. Tidal Investments LLC now owns 61,852 shares of the real estate investment trust’s stock valued at $4,134,000 after buying an additional 8,490 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TRNO shares. Scotiabank dropped their price objective on Terreno Realty from $68.00 to $57.00 and set a “sector perform” rating on the stock in a report on Monday, April 7th. JMP Securities restated a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. 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. Piper Sandler lowered their target price on shares of Terreno Realty from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group raised Terreno Realty from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $66.45.

Terreno Realty Price Performance

Shares of Terreno Realty stock opened at $56.63 on Friday. The firm has a fifty day moving average price of $62.07 and a two-hundred day moving average price of $62.04. Terreno Realty Co. has a fifty-two week low of $48.18 and a fifty-two week high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market cap of $5.83 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00.

Terreno Realty (NYSE:TRNO) last issued its quarterly 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 return on equity of 5.20% and a net margin of 48.18%. Analysts expect that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.46%. Terreno Realty’s dividend payout ratio is currently 102.08%.

About Terreno Realty

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.