120,426 Shares in Terreno Realty Corporation (NYSE:TRNO) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 120,426 shares of Terreno Realty Corporation, valued at approximately $7.6 million, increasing its stake to 0.12% as per its latest SEC filing.
• The stock of Terreno Realty recently opened at $56.99 and has seen a 12-month low of $48.18 and a high of $71.63, with a current market cap of $5.89 billion.
• Terreno Realty declared a quarterly dividend of $0.49, representing a 3.44% dividend yield, while its dividend payout ratio stands at 98.49%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Terreno Realty Corporation (NYSE:TRNO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 120,426 shares of the real estate investment trust's stock, valued at approximately $7,613,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Terreno Realty as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cerity Partners LLC grew its holdings in shares of Terreno Realty by 233.9% in the first quarter. Cerity Partners LLC now owns 19,194 shares of the real estate investment trust's stock valued at $1,213,000 after acquiring an additional 13,445 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Terreno Realty by 0.9% in the first quarter. New York State Teachers Retirement System now owns 22,900 shares of the real estate investment trust's stock valued at $1,448,000 after acquiring an additional 200 shares in the last quarter. KBC Group NV grew its holdings in Terreno Realty by 12.8% during the first quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust's stock valued at $261,000 after purchasing an additional 470 shares during the period. SG Americas Securities LLC bought a new position in Terreno Realty during the first quarter valued at $948,000. Finally, GAMMA Investing LLC grew its holdings in Terreno Realty by 840.2% during the first quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 1,109 shares during the period.

Terreno Realty Stock Performance

TRNO traded down $0.90 during mid-day trading on Wednesday, reaching $55.94. 592,431 shares of the company traded hands, compared to its average volume of 828,468. The stock has a market capitalization of $5.78 billion, a P/E ratio of 28.11, a P/E/G ratio of 2.43 and a beta of 1.06. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.20. The company's fifty day moving average price is $57.23 and its 200-day moving average price is $60.32. Terreno Realty Corporation has a 52-week low of $48.18 and a 52-week high of $71.63.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a dividend of $0.49 per share. The ex-dividend date was Friday, June 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.50%. Terreno Realty's dividend payout ratio is presently 98.49%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen raised Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Piper Sandler cut their price target on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Scotiabank lowered their price objective on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Monday, April 7th. Barclays lowered their price target on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 27th. Finally, Wells Fargo & Company set a $72.00 price objective on Terreno Realty in a research note on Sunday, July 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $65.90.

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.