Bessemer Group Inc. Has $38.34 Million Stake in Terreno Realty Corporation $TRNO

Bessemer Group Inc. boosted its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 15.6% in the fourth quarter, HoldingsChannel reports. The firm owned 653,017 shares of the real estate investment trust’s stock after acquiring an additional 88,322 shares during the period. Bessemer Group Inc.’s holdings in Terreno Realty were worth $38,338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP increased its holdings in Terreno Realty by 8,307.6% during the 4th quarter. Allworth Financial LP now owns 9,921 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 9,803 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Terreno Realty by 1.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,663 shares of the real estate investment trust’s stock valued at $1,389,000 after purchasing an additional 431 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Terreno Realty during the 4th quarter valued at $3,963,000. Diversify Wealth Management LLC increased its stake in shares of Terreno Realty by 5.7% in the 4th quarter. Diversify Wealth Management LLC now owns 13,613 shares of the real estate investment trust’s stock valued at $816,000 after buying an additional 735 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Terreno Realty by 3.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 81,379 shares of the real estate investment trust’s stock valued at $4,803,000 after buying an additional 2,895 shares during the period.

Terreno Realty Stock Down 1.1%

NYSE TRNO opened at $65.01 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. Terreno Realty Corporation has a 52 week low of $53.00 and a 52 week high of $67.55. The stock has a fifty day moving average of $64.00 and a 200-day moving average of $62.60. The stock has a market capitalization of $6.91 billion, a P/E ratio of 15.90 and a beta of 1.06.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.36. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%.The business had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $122.60 million. On average, equities research analysts forecast that Terreno Realty Corporation will post 2.79 EPS for the current year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. Terreno Realty’s payout ratio is 50.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Piper Sandler lifted their target price on Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Royal Bank Of Canada set a $72.00 target price on Terreno Realty in a research note on Monday, February 9th. Citizens Jmp lifted their target price on Terreno Realty from $66.00 to $70.00 and gave the company a “market outperform” rating in a research note on Friday, February 6th. UBS Group set a $72.00 target price on Terreno Realty in a research note on Monday, February 9th. Finally, Citigroup lifted their target price on Terreno Realty from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Terreno Realty has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

Terreno Realty Company Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.