Nuveen Asset Management LLC Trims Position in Terreno Realty Co. (NYSE:TRNO)

Nuveen Asset Management LLC cut its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 13.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,266,961 shares of the real estate investment trust's stock after selling 203,073 shares during the quarter. Nuveen Asset Management LLC owned 1.27% of Terreno Realty worth $74,928,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TRNO. Manchester Capital Management LLC bought a new position in shares of Terreno Realty during the fourth quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC grew 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 stake in Terreno Realty by 613.7% during the fourth quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 626 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Terreno Realty by 94.6% in the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 370 shares in the last quarter. Finally, State of Tennessee Department of Treasury purchased a new position in Terreno Realty during the 4th quarter worth $71,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TRNO shares. StockNews.com raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $65.00 to $77.00 in a report on Friday, February 21st. JMP Securities restated a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. Piper Sandler dropped their price target on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Scotiabank dropped their target price on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $65.36.

Terreno Realty Price Performance

Shares of TRNO stock traded down $2.26 during midday trading on Wednesday, reaching $55.67. 794,887 shares of the company traded hands, compared to its average volume of 917,256. Terreno Realty Co. has a 1-year low of $48.18 and a 1-year high of $71.63. The firm's 50 day simple moving average is $58.68 and its two-hundred day simple moving average is $61.40. The firm has a market cap of $5.75 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Friday, June 27th. Terreno Realty's dividend payout ratio is presently 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.