Oak Ridge Investments LLC increased its holdings in Terreno Realty Co. (NYSE:TRNO) by 9.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,976 shares of the real estate investment trust’s stock after purchasing an additional 16,903 shares during the period. Terreno Realty accounts for 1.1% of Oak Ridge Investments LLC’s holdings, making the stock its 28th biggest holding. Oak Ridge Investments LLC owned 0.30% of Terreno Realty worth $10,349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRNO. Charles Schwab Investment Management Inc. raised its holdings in shares of Terreno Realty by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 409,051 shares of the real estate investment trust’s stock worth $22,147,000 after acquiring an additional 16,882 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Terreno Realty by 44.5% during the 4th quarter. California Public Employees Retirement System now owns 214,440 shares of the real estate investment trust’s stock worth $11,610,000 after acquiring an additional 66,060 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Terreno Realty by 189.0% during the 1st quarter. SG Americas Securities LLC now owns 36,399 shares of the real estate investment trust’s stock worth $1,884,000 after acquiring an additional 23,805 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Terreno Realty by 23.0% during the 4th quarter. Citigroup Inc. now owns 69,530 shares of the real estate investment trust’s stock worth $3,764,000 after acquiring an additional 12,995 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Terreno Realty by 26.7% during the 4th quarter. AQR Capital Management LLC now owns 32,165 shares of the real estate investment trust’s stock worth $1,741,000 after acquiring an additional 6,781 shares in the last quarter.

Terreno Realty stock traded up $1.05 during mid-day trading on Wednesday, hitting $52.48. The company’s stock had a trading volume of 13,600 shares, compared to its average volume of 428,359. The company has a 50 day moving average of $51.32 and a 200-day moving average of $54.14. The stock has a market cap of $3.47 billion, a PE ratio of 66.26 and a beta of 0.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.49 and a current ratio of 3.49. Terreno Realty Co. has a one year low of $42.12 and a one year high of $62.31.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $45.12 million for the quarter, compared to the consensus estimate of $45.40 million. Terreno Realty had a return on equity of 3.52% and a net margin of 30.10%. On average, equities research analysts forecast that Terreno Realty Co. will post 1.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, June 29th. Terreno Realty’s payout ratio is 78.26%.

Several research firms have recently weighed in on TRNO. KeyCorp boosted their target price on Terreno Realty from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Zacks Investment Research downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research report on Wednesday. Piper Sandler cut their target price on Terreno Realty from $62.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Robert W. Baird boosted their target price on Terreno Realty from $50.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, DA Davidson reissued a “buy” rating on shares of Terreno Realty in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $59.80.

Terreno Realty Company Profile

Terreno Realty Corporation 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

Further Reading: Circuit Breakers

Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

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