GAMMA Investing LLC increased its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 59,336.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,456 shares of the real estate investment trust's stock after acquiring an additional 78,324 shares during the quarter. GAMMA Investing LLC owned approximately 0.08% of Terreno Realty worth $4,960,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of TRNO. BNP Paribas Financial Markets lifted its holdings in shares of Terreno Realty by 8.5% during the fourth quarter. BNP Paribas Financial Markets now owns 22,246 shares of the real estate investment trust's stock worth $1,316,000 after purchasing an additional 1,745 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Terreno Realty by 1.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust's stock worth $10,561,000 after acquiring an additional 2,755 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Terreno Realty in the 4th quarter worth $1,342,000. Renaissance Technologies LLC purchased a new stake in shares of Terreno Realty in the fourth quarter valued at about $1,047,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Terreno Realty by 58.3% during the fourth quarter. Bank of New York Mellon Corp now owns 948,090 shares of the real estate investment trust's stock worth $56,070,000 after acquiring an additional 349,060 shares during the period.
Terreno Realty Price Performance
Shares of Terreno Realty stock traded down $0.05 on Thursday, hitting $59.35. The company's stock had a trading volume of 764,912 shares, compared to its average volume of 924,335. The company has a market capitalization of $6.13 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. Terreno Realty Co. has a 52-week low of $48.18 and a 52-week high of $71.63. The firm has a fifty day moving average price of $56.67 and a 200-day moving average price of $61.00. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24.
Terreno Realty Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a $0.49 dividend. The ex-dividend date is Friday, June 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.30%. Terreno Realty's dividend payout ratio is presently 98.49%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on TRNO. Barclays reduced 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 research report on Tuesday, May 27th. BMO Capital Markets lifted their price target on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Wells Fargo & Company reduced their target price on 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, Piper Sandler decreased their target price on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $65.00.
View Our Latest Report on TRNO
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.
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