GAMMA Investing LLC Purchases 78,324 Shares of Terreno Realty Co. (NYSE:TRNO)

GAMMA Investing LLC lifted its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 59,336.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,456 shares of the real estate investment trust's stock after purchasing an additional 78,324 shares during the period. GAMMA Investing LLC owned 0.08% of Terreno Realty worth $4,960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC purchased a new position in Terreno Realty in the fourth quarter valued at about $27,000. Steward Partners Investment Advisory LLC raised its position in shares of Terreno Realty by 176.1% in the fourth 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 raised its position in shares of Terreno Realty by 613.7% in the fourth 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 raised its position in shares of Terreno Realty by 94.6% in the fourth 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. Finally, State of Tennessee Department of Treasury bought a new stake in shares of Terreno Realty in the fourth quarter valued at approximately $71,000.

Wall Street Analysts Forecast Growth

TRNO has been the topic of a number of analyst reports. Wall Street Zen raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Wells Fargo & Company cut their price objective on shares of 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. Barclays dropped 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 research report on Tuesday, May 27th. Scotiabank decreased 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. Finally, The Goldman Sachs Group upgraded shares of 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. 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 stock currently has a consensus rating of "Hold" and a consensus target price of $65.00.

Terreno Realty Stock Down 1.3%

Shares of Terreno Realty stock traded down $0.80 during trading on Friday, hitting $58.64. The company's stock had a trading volume of 1,035,208 shares, compared to its average volume of 926,333. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The company has a fifty day simple moving average of $56.94 and a two-hundred day simple moving average of $60.97. The company has a market capitalization of $6.06 billion, a PE ratio of 30.54, a P/E/G 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.

Terreno Realty Announces Dividend

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

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.