Terreno Realty Co. (NYSE:TRNO) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 13.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,266,961 shares of the real estate investment trust's stock after selling 203,073 shares during the period. Nuveen Asset Management LLC owned 1.27% of Terreno Realty worth $74,928,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its position in shares of Terreno Realty by 131.0% in the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock valued at $11,360,000 after purchasing an additional 96,380 shares during the period. Diversify Wealth Management LLC grew its position in shares of Terreno Realty by 48.0% in the fourth quarter. Diversify Wealth Management LLC now owns 7,341 shares of the real estate investment trust's stock valued at $425,000 after purchasing an additional 2,382 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Terreno Realty in the fourth quarter valued at $444,000. Fifth Third Bancorp grew its position in shares of Terreno Realty by 7.4% in the fourth quarter. Fifth Third Bancorp now owns 6,436 shares of the real estate investment trust's stock valued at $381,000 after purchasing an additional 441 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Terreno Realty by 55.3% in the fourth quarter. Blue Trust Inc. now owns 4,764 shares of the real estate investment trust's stock valued at $282,000 after purchasing an additional 1,697 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen raised Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday. Scotiabank lowered 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. Piper Sandler lowered their price objective 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. Wells Fargo & Company lowered 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. Finally, JMP Securities reissued a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Terreno Realty presently has a consensus rating of "Hold" and a consensus target price of $65.36.

Terreno Realty Trading Down 0.8%

Shares of NYSE:TRNO traded down $0.44 during trading on Friday, reaching $55.12. 703,767 shares of the stock were exchanged, compared to its average volume of 919,468. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. Terreno Realty Co. has a 12-month low of $48.18 and a 12-month high of $71.63. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. The firm's 50-day moving average price is $58.01 and its 200 day moving average price is $61.29.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Friday, June 27th. Terreno Realty's payout ratio is currently 98.49%.

Terreno Realty Company 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.