Deutsche Bank AG cut its stake in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 18.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,266,147 shares of the real estate investment trust's stock after selling 280,259 shares during the quarter. Deutsche Bank AG owned 1.23% of Terreno Realty worth $80,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of TRNO. LPL Financial LLC lifted its position in Terreno Realty by 10.9% during the fourth quarter. LPL Financial LLC now owns 19,293 shares of the real estate investment trust's stock valued at $1,141,000 after purchasing an additional 1,903 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Terreno Realty by 1.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 331,642 shares of the real estate investment trust's stock worth $19,613,000 after acquiring an additional 5,466 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Terreno Realty by 74.1% in the 4th quarter. Bank of Montreal Can now owns 25,885 shares of the real estate investment trust's stock worth $1,531,000 after acquiring an additional 11,016 shares during the last quarter. FIL Ltd lifted its holdings in shares of Terreno Realty by 45.3% in the 4th quarter. FIL Ltd now owns 1,213 shares of the real estate investment trust's stock worth $72,000 after acquiring an additional 378 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Terreno Realty in the 4th quarter worth approximately $1,047,000.
Terreno Realty Trading Down 1.6%
NYSE:TRNO opened at $53.79 on Monday. The company has a fifty day moving average of $57.06 and a 200 day moving average of $59.96. Terreno Realty Corporation has a 52 week low of $48.18 and a 52 week high of $71.63. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $5.56 billion, a P/E ratio of 21.35, a P/E/G ratio of 2.29 and a beta of 1.02.
Terreno Realty Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be issued a $0.52 dividend. This is a boost from Terreno Realty's previous quarterly dividend of $0.49. The ex-dividend date is Monday, September 29th. This represents a $2.08 annualized dividend and a yield of 3.9%. Terreno Realty's dividend payout ratio (DPR) is currently 77.78%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on TRNO shares. Wells Fargo & Company set a $72.00 price objective on shares of Terreno Realty in a report on Sunday, July 13th. Wall Street Zen upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Piper Sandler lowered their price objective 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. Finally, Barclays lowered their price objective 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Terreno Realty presently has a consensus rating of "Hold" and an average price target of $65.90.
View Our Latest Research Report on Terreno Realty
About Terreno Realty
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding TRNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terreno Realty Corporation (NYSE:TRNO - Free Report).

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