Chevy Chase Trust Holdings LLC Sells 77,240 Shares of Terreno Realty Corporation (NYSE:TRNO)

Chevy Chase Trust Holdings LLC lowered its stake in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 10.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 645,066 shares of the real estate investment trust's stock after selling 77,240 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.63% of Terreno Realty worth $40,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mariner LLC raised its stake in Terreno Realty by 3.7% during the 4th quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust's stock worth $264,000 after acquiring an additional 161 shares during the period. First Trust Advisors LP increased its stake in shares of Terreno Realty by 0.9% in the fourth quarter. First Trust Advisors LP now owns 30,612 shares of the real estate investment trust's stock worth $1,810,000 after purchasing an additional 271 shares in the last quarter. Arizona State Retirement System raised its position in shares of Terreno Realty by 1.0% during the 4th quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock valued at $1,663,000 after purchasing an additional 276 shares during the period. Summit Investment Advisors Inc. raised its holdings in Terreno Realty by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,994 shares of the real estate investment trust's stock valued at $591,000 after acquiring an additional 316 shares during the period. Finally, Moody National Bank Trust Division raised its stake in Terreno Realty by 3.5% during the 1st quarter. Moody National Bank Trust Division now owns 10,151 shares of the real estate investment trust's stock valued at $642,000 after purchasing an additional 343 shares during the period.

Terreno Realty Stock Performance

NYSE TRNO opened at $58.74 on Wednesday. The business's 50 day moving average price is $57.43 and its 200-day moving average price is $60.87. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $71.63. The company has a market cap of $6.07 billion, a P/E ratio of 29.52, a P/E/G ratio of 2.48 and a beta of 1.07. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.35 and a current ratio of 2.35.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, June 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.34%. Terreno Realty's dividend payout ratio is presently 98.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TRNO shares. Piper Sandler dropped their target price on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Scotiabank dropped their price objective on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. Barclays reduced their target price on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 27th. Wells Fargo & Company dropped their price target on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Finally, Wall Street Zen upgraded Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $65.00.

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.

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