Terreno Realty Corporation (NYSE:TRNO) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 337,158 shares of the real estate investment trust's stock after purchasing an additional 5,516 shares during the period. Envestnet Asset Management Inc. owned about 0.33% of Terreno Realty worth $21,315,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Terreno Realty by 10.8% in the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock worth $902,293,000 after purchasing an additional 1,484,301 shares during the period. Deutsche Bank AG boosted its holdings in Terreno Realty by 287.6% in the fourth quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust's stock worth $91,454,000 after acquiring an additional 1,147,404 shares in the last quarter. Norges Bank bought a new stake in Terreno Realty in the fourth quarter worth $58,818,000. FMR LLC boosted its holdings in Terreno Realty by 5.9% in the fourth quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust's stock worth $663,987,000 after acquiring an additional 628,116 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Terreno Realty by 51.6% in the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock worth $109,150,000 after acquiring an additional 628,065 shares in the last quarter.

Terreno Realty Price Performance

Shares of TRNO stock traded up $0.26 during trading hours on Friday, reaching $56.41. The company had a trading volume of 708,472 shares, compared to its average volume of 956,926. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a fifty day moving average of $57.43 and a 200-day moving average of $60.42. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 2.41 and a beta of 1.06. Terreno Realty Corporation has a 12-month low of $48.18 and a 12-month high of $71.63.

Terreno Realty Announces Dividend

The company also recently declared 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. This represents a $1.96 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Friday, June 27th. Terreno Realty's dividend payout ratio (DPR) is 98.49%.

Wall Street Analyst Weigh In

A number of analysts recently commented on TRNO shares. Wall Street Zen upgraded Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Barclays reduced their price objective on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 27th. Wells Fargo & Company reduced their price objective on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Scotiabank reduced their price objective on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. Finally, Piper Sandler reduced their price target on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. One investment 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $65.00.

About Terreno Realty

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.