Terreno Realty Co. (NYSE:TRNO) Position Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in shares of Terreno Realty Co. (NYSE:TRNO – Get Rating) by 1,033.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 41,001 shares of the real estate investment trust’s stock after purchasing an additional 37,384 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Terreno Realty were worth $2,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Terreno Realty by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 10,954,204 shares of the real estate investment trust’s stock valued at $811,159,000 after acquiring an additional 341,279 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Terreno Realty by 12.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,537,213 shares of the real estate investment trust’s stock valued at $420,049,000 after buying an additional 848,447 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Terreno Realty by 12.0% during the 2nd quarter. Principal Financial Group Inc. now owns 5,722,771 shares of the real estate investment trust’s stock valued at $318,931,000 after buying an additional 615,074 shares during the last quarter. State Street Corp lifted its holdings in shares of Terreno Realty by 1.0% during the 2nd quarter. State Street Corp now owns 3,679,689 shares of the real estate investment trust’s stock valued at $206,265,000 after buying an additional 37,223 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Terreno Realty by 1.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,215,111 shares of the real estate investment trust’s stock valued at $164,030,000 after buying an additional 28,839 shares during the last quarter. Hedge funds and other institutional investors own 98.53% of the company’s stock.

Terreno Realty Stock Performance

Shares of NYSE TRNO opened at $63.11 on Friday. The company has a market cap of $4.80 billion, a P/E ratio of 27.80 and a beta of 0.78. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.38. Terreno Realty Co. has a 12 month low of $50.36 and a 12 month high of $81.01. The business’s 50 day moving average is $58.26 and its two-hundred day moving average is $58.36.

Terreno Realty (NYSE:TRNO – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The firm had revenue of $70.80 million for the quarter, compared to the consensus estimate of $66.95 million. Terreno Realty had a net margin of 65.44% and a return on equity of 8.14%. On average, equities analysts expect that Terreno Realty Co. will post 1.97 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Thursday, December 29th. Terreno Realty’s dividend payout ratio is presently 70.48%.

Analysts Set New Price Targets

TRNO has been the subject of several research reports. BTIG Research reduced their price target on Terreno Realty from $94.00 to $74.00 and set a “buy” rating for the company in a report on Monday, October 17th. JMP Securities reduced their target price on Terreno Realty from $75.00 to $69.00 and set a “market outperform” rating for the company in a report on Monday, October 10th. Scotiabank lowered Terreno Realty from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $73.00 to $54.00 in a report on Monday, October 17th. StockNews.com upgraded Terreno Realty from a “sell” rating to a “hold” rating in a report on Tuesday, January 3rd. Finally, TheStreet upgraded Terreno Realty from a “c+” rating to a “b-” rating in a report on Wednesday, November 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Terreno Realty currently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

Insider Activity

In other Terreno Realty news, Director Leroy E. Carlson sold 4,000 shares of the company’s stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $58.49, for a total value of $233,960.00. Following the sale, the director now directly owns 37,791 shares in the company, valued at $2,210,395.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.40% of the stock is currently owned by company insiders.

Terreno Realty Profile

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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.