Terreno Realty Co. (NYSE:TRNO) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC grew its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 32.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 158,393 shares of the real estate investment trust's stock after buying an additional 38,861 shares during the period. ProShare Advisors LLC owned 0.16% of Terreno Realty worth $9,367,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRNO. Mariner LLC lifted its position in Terreno Realty by 3.7% during the fourth quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust's stock valued at $264,000 after acquiring an additional 161 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Terreno Realty by 0.9% in the 4th quarter. First Trust Advisors LP now owns 30,612 shares of the real estate investment trust's stock worth $1,810,000 after purchasing an additional 271 shares in the last quarter. Arizona State Retirement System grew its stake in Terreno Realty by 1.0% during the 4th quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock worth $1,663,000 after buying an additional 276 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Terreno Realty by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 9,994 shares of the real estate investment trust's stock valued at $591,000 after buying an additional 316 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 361 shares in the last quarter.

Terreno Realty Price Performance

NYSE:TRNO traded down $2.26 during trading hours on Wednesday, reaching $55.67. 794,887 shares of the company were exchanged, compared to its average volume of 917,256. 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 stock's 50-day moving average is $58.68 and its 200-day moving average is $61.40. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a twelve month low of $48.18 and a twelve month high of $71.63.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, June 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.52%. Terreno Realty's payout ratio is currently 98.49%.

Analyst Ratings Changes

TRNO has been the topic of a number of research analyst reports. Barclays dropped their price target on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. JMP Securities restated a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. Wells Fargo & Company lowered their target price on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating on the stock in a research note on Monday. Piper Sandler decreased their price target on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, BMO Capital Markets raised their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $65.36.

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.