Terreno Realty Co. (NYSE:TRNO) Position Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 269.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 293,038 shares of the real estate investment trust's stock after purchasing an additional 213,676 shares during the quarter. Ameriprise Financial Inc. owned about 0.29% of Terreno Realty worth $17,331,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRNO. Barclays PLC boosted its stake in Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock valued at $11,360,000 after purchasing an additional 96,380 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in shares of Terreno Realty by 48.0% during the 4th quarter. Diversify Wealth Management LLC now owns 7,341 shares of the real estate investment trust's stock worth $425,000 after acquiring an additional 2,382 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Terreno Realty during the 4th quarter worth $444,000. Fifth Third Bancorp boosted its stake in shares of Terreno Realty by 7.4% during the 4th quarter. Fifth Third Bancorp now owns 6,436 shares of the real estate investment trust's stock worth $381,000 after acquiring an additional 441 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Terreno Realty by 55.3% during the 4th quarter. Blue Trust Inc. now owns 4,764 shares of the real estate investment trust's stock worth $282,000 after acquiring an additional 1,697 shares in the last quarter.

Terreno Realty Stock Down 0.2%

Shares of TRNO traded down $0.13 during mid-day trading on Thursday, reaching $55.52. The company's stock had a trading volume of 820,421 shares, compared to its average volume of 920,088. The business has a fifty day moving average of $58.23 and a 200 day moving average of $61.32. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. Terreno Realty Co. has a 1 year low of $48.18 and a 1 year high of $71.63. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, June 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.53%. Terreno Realty's dividend payout ratio is 98.49%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TRNO shares. Wells Fargo & Company reduced their price objective on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a research note on Monday. Piper Sandler reduced their price objective on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen raised Terreno Realty from a "sell" rating to a "hold" rating in a research note on Tuesday. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Finally, Barclays reduced their price objective on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $65.36.

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.