Terreno Realty Corporation (NYSE:TRNO) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. cut its stake in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 37.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,919 shares of the real estate investment trust's stock after selling 16,998 shares during the quarter. Lincluden Management Ltd.'s holdings in Terreno Realty were worth $1,765,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cerity Partners LLC raised its position in shares of Terreno Realty by 233.9% during the 1st quarter. Cerity Partners LLC now owns 19,194 shares of the real estate investment trust's stock valued at $1,213,000 after buying an additional 13,445 shares during the period. New York State Teachers Retirement System grew its stake in shares of Terreno Realty by 0.9% during the first quarter. New York State Teachers Retirement System now owns 22,900 shares of the real estate investment trust's stock worth $1,448,000 after purchasing an additional 200 shares in the last quarter. KBC Group NV grew its stake in shares of Terreno Realty by 12.8% during the first quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust's stock worth $261,000 after purchasing an additional 470 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Terreno Realty during the first quarter worth $948,000. Finally, GAMMA Investing LLC lifted its position in Terreno Realty by 840.2% in the first quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust's stock valued at $78,000 after acquiring an additional 1,109 shares during the last quarter.

Terreno Realty Price Performance

TRNO traded down $0.24 on Friday, hitting $56.99. 586,324 shares of the company were exchanged, compared to its average volume of 932,438. 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 business's fifty day moving average is $57.30 and its 200 day moving average is $60.37. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $71.63. The firm has a market capitalization of $5.89 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 2.44 and a beta of 1.06.

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 given 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 3.44%. Terreno Realty's payout ratio is currently 98.49%.

Analyst Ratings Changes

A number of brokerages have recently commented on TRNO. 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 reduced their target price on shares of Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Piper Sandler reduced their target price 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. Scotiabank reduced their target price 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, Barclays reduced their target price 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 assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.