Legal & General Group Plc Has $60.83 Million Stock Position in Terreno Realty Corporation $TRNO

Legal & General Group Plc boosted its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 11.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,036,069 shares of the real estate investment trust’s stock after buying an additional 102,848 shares during the period. Legal & General Group Plc owned approximately 0.99% of Terreno Realty worth $60,828,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its holdings in Terreno Realty by 52.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 172 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Terreno Realty by 73.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 189 shares during the period. First Horizon Corp raised its holdings in Terreno Realty by 41.5% during the 4th quarter. First Horizon Corp now owns 651 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 191 shares during the period. Smartleaf Asset Management LLC raised its holdings in Terreno Realty by 15.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 193 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in Terreno Realty by 2.8% during the 3rd quarter. Mackenzie Financial Corp now owns 7,072 shares of the real estate investment trust’s stock worth $401,000 after buying an additional 193 shares during the period.

Terreno Realty Price Performance

Shares of TRNO opened at $65.73 on Friday. The stock has a market capitalization of $6.99 billion, a P/E ratio of 16.07 and a beta of 1.06. Terreno Realty Corporation has a twelve month low of $53.00 and a twelve month high of $67.55. The company has a 50 day moving average of $64.66 and a 200-day moving average of $63.10. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23.

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

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. Terreno Realty’s dividend payout ratio (DPR) is currently 50.86%.

Analyst Upgrades and Downgrades

TRNO has been the subject of several research reports. KeyCorp raised their price target on shares of Terreno Realty from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. iA Financial set a $75.00 price target on shares of Terreno Realty in a research note on Friday, February 6th. Citigroup raised their price target on shares of Terreno Realty from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. UBS Group set a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 9th. Finally, Citizens Jmp raised their price target on shares of Terreno Realty from $66.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.57.

Terreno Realty 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.