Great West Life Assurance Co. Can Invests $3.71 Million in Terreno Realty Co. (NYSE:TRNO)

Great West Life Assurance Co. Can bought a new position in Terreno Realty Co. (NYSE:TRNOGet Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 70,030 shares of the real estate investment trust’s stock, valued at approximately $3,709,000.

Several other large investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Terreno Realty by 12.7% in the second 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 acquiring an additional 848,447 shares during the period. Copeland Capital Management LLC bought a new position in shares of Terreno Realty in the third quarter valued at approximately $35,556,000. Principal Financial Group Inc. boosted its position in shares of Terreno Realty by 12.0% in the second 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 acquiring an additional 615,074 shares during the period. State Street Corp boosted its position in shares of Terreno Realty by 18.7% in the first quarter. State Street Corp now owns 3,642,466 shares of the real estate investment trust’s stock valued at $270,935,000 after acquiring an additional 574,544 shares during the period. Finally, Bernzott Capital Advisors bought a new position in shares of Terreno Realty in the second quarter valued at approximately $22,251,000. Hedge funds and other institutional investors own 98.53% of the company’s stock.

Terreno Realty Trading Up 1.4 %

TRNO stock opened at $63.80 on Tuesday. The company has a market capitalization of $4.85 billion, a PE ratio of 28.11 and a beta of 0.78. Terreno Realty Co. has a one year low of $50.36 and a one year high of $81.01. The company’s 50 day moving average price is $58.48 and its two-hundred day moving average price is $58.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.18 and a current ratio of 0.18.

Terreno Realty (NYSE:TRNOGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.21). The business had revenue of $70.80 million for the quarter, compared to analysts’ expectations of $66.95 million. Terreno Realty had a return on equity of 8.14% and a net margin of 65.44%. As a group, analysts predict that Terreno Realty Co. will post 1.97 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, December 29th. Terreno Realty’s payout ratio is 70.48%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TRNO. Scotiabank lowered shares of Terreno Realty from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $73.00 to $54.00 in a research report on Monday, October 17th. BTIG Research dropped their target price on shares of Terreno Realty from $94.00 to $74.00 and set a “buy” rating for the company in a research report on Monday, October 17th. Piper Sandler dropped 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. JMP Securities dropped their target price on shares of Terreno Realty from $75.00 to $69.00 and set a “market outperform” rating for the company in a research report on Monday, October 10th. Finally, TheStreet upgraded shares of Terreno Realty from a “c+” rating to a “b-” rating in a research report on Wednesday, November 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Insider Buying and Selling

In related news, Director Leroy E. Carlson sold 4,000 shares of Terreno Realty stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $58.49, for a total value of $233,960.00. Following the transaction, the director now directly owns 37,791 shares of the company’s stock, valued at $2,210,395.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by insiders.

About Terreno Realty

(Get Rating)

Terreno Realty Corp. operates as a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W.

Further Reading

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

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