Alberta Investment Management Corp Purchases 22,743 Shares of Terreno Realty Co. (NYSE:TRNO)

Alberta Investment Management Corp grew its position in shares of Terreno Realty Co. (NYSE:TRNO) by 224.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,882 shares of the real estate investment trust’s stock after acquiring an additional 22,743 shares during the period. Alberta Investment Management Corp’s holdings in Terreno Realty were worth $1,945,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Creative Planning raised its position in Terreno Realty by 20.2% during the 3rd quarter. Creative Planning now owns 5,765 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 968 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Terreno Realty by 72.6% during the third quarter. Blue Trust Inc. now owns 3,067 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 1,290 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Terreno Realty by 6,580.0% during the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 987 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Terreno Realty by 35.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,753 shares of the real estate investment trust’s stock worth $253,000 after acquiring an additional 986 shares during the period. Finally, Diversify Wealth Management LLC boosted its holdings in Terreno Realty by 14.4% in the third quarter. Diversify Wealth Management LLC now owns 4,959 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 625 shares in the last quarter.

Terreno Realty Stock Up 0.4 %

Shares of Terreno Realty stock opened at $67.08 on Friday. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a fifty day moving average price of $62.56 and a 200 day moving average price of $64.03. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. Equities research analysts forecast that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 2.92%. Terreno Realty’s payout ratio is 102.08%.

Analysts Set New Price Targets

TRNO has been the subject of several research reports. Piper Sandler decreased their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group raised shares of Terreno Realty from a “neutral” rating to a “buy” rating and increased their price target for the stock from $65.00 to $77.00 in a research note on Friday. Barclays reaffirmed an “equal weight” rating and set a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. JMP Securities reissued a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Terreno Realty currently has a consensus rating of “Hold” and an average target price of $69.27.

Terreno Realty Company Profile

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