Congress Wealth Management LLC DE Purchases 141,450 Shares of Terreno Realty Co. (NYSE:TRNO)

Congress Wealth Management LLC DE increased its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 383.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 178,332 shares of the real estate investment trust’s stock after purchasing an additional 141,450 shares during the period. Congress Wealth Management LLC DE’s holdings in Terreno Realty were worth $10,547,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Manchester Capital Management LLC bought a new position in shares of Terreno Realty in the fourth quarter valued at about $27,000. Steward Partners Investment Advisory LLC raised its holdings in Terreno Realty by 176.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 361 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Terreno Realty during the fourth quarter worth approximately $76,000. Verition Fund Management LLC bought a new stake in shares of Terreno Realty during the third quarter worth approximately $225,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Terreno Realty in the fourth quarter valued at approximately $202,000.

Terreno Realty Stock Up 2.3 %

NYSE TRNO opened at $64.10 on Tuesday. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The business has a fifty day moving average price of $65.89 and a two-hundred day moving average price of $63.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $6.40 billion, a PE ratio of 33.39, a PEG ratio of 2.82 and a beta of 0.93.

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

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

Wall Street Analysts Forecast Growth

TRNO has been the subject of several research reports. The Goldman Sachs Group raised Terreno Realty from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price for the company. Scotiabank upped their price target on shares of Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, February 28th. JMP Securities reiterated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. Finally, BMO Capital Markets increased their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $69.36.

Terreno Realty 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.