Peregrine Capital Management LLC Sells 13,602 Shares of Terreno Realty Corporation (NYSE:TRNO)

Peregrine Capital Management LLC decreased its position in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 13.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,283 shares of the real estate investment trust's stock after selling 13,602 shares during the period. Peregrine Capital Management LLC owned 0.09% of Terreno Realty worth $5,771,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Terreno Realty during the 1st quarter worth about $948,000. Wealth Enhancement Advisory Services LLC boosted its stake in Terreno Realty by 20.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,916 shares of the real estate investment trust's stock valued at $350,000 after buying an additional 988 shares in the last quarter. BNP Paribas Financial Markets grew its position in Terreno Realty by 8.5% in the fourth quarter. BNP Paribas Financial Markets now owns 22,246 shares of the real estate investment trust's stock valued at $1,316,000 after acquiring an additional 1,745 shares during the period. Blue Trust Inc. lifted its holdings in Terreno Realty by 143.6% during the 1st quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 655 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in Terreno Realty during the first quarter worth about $240,000.

Wall Street Analyst Weigh In

TRNO has been the topic of a number of research analyst reports. Barclays decreased their price target on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock 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 on the stock in a report on Monday, April 7th. Wall Street Zen raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Piper Sandler dropped their price objective on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company decreased their price objective on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $65.00.

Terreno Realty Stock Up 0.8%

Shares of TRNO traded up $0.44 during midday trading on Tuesday, hitting $56.51. The stock had a trading volume of 897,779 shares, compared to its average volume of 938,202. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The company has a 50 day simple moving average of $57.37 and a two-hundred day simple moving average of $60.67. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $71.63.

Terreno Realty Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, June 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.47%. 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.