Davidson Investment Advisors Has $17.55 Million Stock Position in Terreno Realty Corporation (NYSE:TRNO)

Davidson Investment Advisors cut its position in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 277,574 shares of the real estate investment trust's stock after selling 6,363 shares during the period. Davidson Investment Advisors owned 0.27% of Terreno Realty worth $17,548,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TRNO. Steward Partners Investment Advisory LLC boosted 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 purchasing an additional 361 shares during the period. Quarry LP boosted its holdings in Terreno Realty by 613.7% in the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 626 shares during the period. Quadrant Capital Group LLC boosted its holdings in Terreno Realty by 94.6% in the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 370 shares during the period. Blue Trust Inc. boosted its holdings in Terreno Realty by 143.6% in the 1st quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 655 shares during the period. Finally, State of Tennessee Department of Treasury bought a new stake in Terreno Realty in the 4th quarter valued at about $71,000.

Terreno Realty Trading Down 1.5%

NYSE TRNO traded down $0.84 on Wednesday, hitting $56.02. The company's stock had a trading volume of 848,535 shares, compared to its average volume of 952,213. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.20. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $71.63. The company's 50-day moving average is $57.37 and its 200 day moving average is $60.50. The firm has a market cap of $5.79 billion, a PE ratio of 28.15, a PEG ratio of 2.43 and a beta of 1.06.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.50%. The ex-dividend date is Friday, June 27th. Terreno Realty's dividend payout ratio (DPR) is currently 98.49%.

Analyst Ratings Changes

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

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.