436,342 Shares in Terreno Realty Co. (NYSE:TRNO) Purchased by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. acquired a new position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 436,342 shares of the real estate investment trust's stock, valued at approximately $25,805,000. Deprince Race & Zollo Inc. owned about 0.44% of Terreno Realty as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TRNO. Manchester Capital Management LLC acquired a new position in shares of Terreno Realty in the 4th quarter worth approximately $27,000. Steward Partners Investment Advisory LLC increased its stake in Terreno Realty by 176.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 361 shares during the last quarter. Quarry LP raised its holdings in shares of Terreno Realty by 613.7% during the fourth quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 626 shares during the period. Quadrant Capital Group LLC grew its position in shares of Terreno Realty by 94.6% during the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 370 shares during the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in Terreno Realty during the fourth quarter worth about $71,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a research note on Friday. BMO Capital Markets raised their target price on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. JMP Securities reissued a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and increased their target price for the company from $65.00 to $77.00 in a research report on Friday, February 21st. Finally, Piper Sandler decreased their price target 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $66.45.

Terreno Realty Trading Down 0.9%

NYSE TRNO traded down $0.55 on Tuesday, hitting $58.83. The company's stock had a trading volume of 348,823 shares, compared to its average volume of 921,490. The company's 50-day moving average is $59.78 and its 200 day moving average is $61.51. 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 Co. has a 1-year low of $48.18 and a 1-year high of $71.63. The firm has a market cap of $6.06 billion, a PE ratio of 30.64, a PEG ratio of 2.82 and a beta of 1.07.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.49 dividend. The ex-dividend date is Friday, June 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.33%. Terreno Realty's dividend payout ratio (DPR) is presently 102.08%.

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.