Lincluden Management Ltd. Sells 16,998 Shares of Terreno Realty Corporation (NYSE:TRNO)

Lincluden Management Ltd. decreased its position in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 37.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,919 shares of the real estate investment trust's stock after selling 16,998 shares during the period. Lincluden Management Ltd.'s holdings in Terreno Realty were worth $1,765,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TRNO. Vanguard Group Inc. boosted its stake in Terreno Realty by 10.8% during the 4th quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock valued at $902,293,000 after purchasing an additional 1,484,301 shares during the period. FMR LLC boosted its stake in Terreno Realty by 5.9% during the 4th quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust's stock valued at $663,987,000 after purchasing an additional 628,116 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Terreno Realty by 4.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,145,502 shares of the real estate investment trust's stock valued at $304,305,000 after purchasing an additional 210,696 shares during the period. Geode Capital Management LLC boosted its stake in Terreno Realty by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust's stock valued at $144,031,000 after purchasing an additional 19,900 shares during the period. Finally, Northern Trust Corp raised its position in shares of Terreno Realty by 51.6% during the 4th quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock worth $109,150,000 after buying an additional 628,065 shares in the last quarter.

Terreno Realty Trading Down 1.6%

Terreno Realty stock traded down $0.89 during midday trading on Monday, hitting $56.15. 184,617 shares of the stock were exchanged, compared to its average volume of 931,193. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.80 billion, a PE ratio of 28.23, a P/E/G ratio of 2.43 and a beta of 1.06. The company has a fifty day simple moving average of $57.30 and a two-hundred day simple moving average of $60.39. Terreno Realty Corporation has a 52 week low of $48.18 and a 52 week high of $71.63.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $1.96 annualized dividend and a yield of 3.49%. Terreno Realty's dividend payout ratio (DPR) is currently 98.49%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Piper Sandler cut their target price on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Scotiabank dropped their price objective on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. Wall Street Zen raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Barclays decreased 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. Finally, Wells Fargo & Company set a $72.00 price target on shares of Terreno Realty in a report on Sunday, July 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Terreno Realty has an average rating of "Hold" and an average price target of $65.90.

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.