Swiss National Bank Grows Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Swiss National Bank grew its holdings in shares of Terreno Realty Co. (NYSE:TRNOGet Rating) by 0.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 177,800 shares of the real estate investment trust’s stock after purchasing an additional 900 shares during the period. Swiss National Bank’s holdings in Terreno Realty were worth $9,909,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Terreno Realty by 3.2% during the first quarter. Vanguard Group Inc. now owns 10,954,204 shares of the real estate investment trust’s stock worth $811,159,000 after purchasing an additional 341,279 shares in the last quarter. DigitalBridge Group Inc. lifted its position in shares of Terreno Realty by 3,411.0% during the first quarter. DigitalBridge Group Inc. now owns 6,073,950 shares of the real estate investment trust’s stock worth $22,438,000 after purchasing an additional 5,900,950 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Terreno Realty by 6.2% during the first quarter. Principal Financial Group Inc. now owns 5,107,697 shares of the real estate investment trust’s stock worth $378,224,000 after purchasing an additional 296,605 shares in the last quarter. State Street Corp lifted its position in shares of Terreno Realty by 18.7% during the first quarter. State Street Corp now owns 3,642,466 shares of the real estate investment trust’s stock worth $270,935,000 after purchasing an additional 574,544 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Terreno Realty by 1.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,215,111 shares of the real estate investment trust’s stock worth $164,030,000 after purchasing an additional 28,839 shares in the last quarter. 99.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Stifel Nicolaus began coverage on shares of Terreno Realty in a report on Wednesday, October 12th. They set a “buy” rating and a $62.00 target price on the stock. Piper Sandler decreased their target price on shares of Terreno Realty from $73.00 to $69.00 and set an “overweight” rating for the company in a research report on Friday, October 7th. TheStreet downgraded shares of Terreno Realty from a “b” rating to a “c+” rating in a report on Thursday, October 13th. StockNews.com raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Finally, BTIG Research reduced their price objective on shares of Terreno Realty from $94.00 to $74.00 and set a “buy” rating for the company in a research note on Monday, October 17th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.90.

Terreno Realty Trading Up 1.4 %

Shares of Terreno Realty stock opened at $58.39 on Monday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.38. The stock has a market cap of $4.44 billion, a P/E ratio of 25.72 and a beta of 0.80. Terreno Realty Co. has a 12-month low of $50.36 and a 12-month high of $86.00. The business’s 50 day moving average is $55.76 and its 200-day moving average is $58.87.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Thursday, December 29th. Terreno Realty’s dividend payout ratio is 70.48%.

About Terreno Realty

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Terreno Realty Corporation 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 condensed notes to the consolidated financial statements are unaudited.

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

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