Rhumbline Advisers Sells 12,086 Shares of Terreno Realty Co. (NYSE:TRNO)

Rhumbline Advisers lowered its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,259 shares of the real estate investment trust's stock after selling 12,086 shares during the period. Rhumbline Advisers owned approximately 0.32% of Terreno Realty worth $20,879,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Manchester Capital Management LLC bought a new stake in Terreno Realty during the fourth quarter worth about $27,000. Steward Partners Investment Advisory LLC lifted its stake 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 worth $33,000 after buying an additional 361 shares in the last quarter. Quarry LP lifted its stake in shares of Terreno Realty by 613.7% in the fourth quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock worth $43,000 after buying an additional 626 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Terreno Realty by 94.6% in the fourth quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock worth $45,000 after buying an additional 370 shares in the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in shares of Terreno Realty in the fourth quarter worth approximately $71,000.

Terreno Realty Price Performance

Shares of TRNO traded up $0.13 during mid-day trading on Tuesday, reaching $59.96. The stock had a trading volume of 774,444 shares, compared to its average volume of 925,295. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 2.82 and a beta of 1.07. Terreno Realty Co. has a 12 month low of $48.18 and a 12 month high of $71.63. The business has a fifty day moving average of $56.56 and a 200 day moving average of $61.02. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given 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 3.27%. Terreno Realty's dividend payout ratio is 98.49%.

Analyst Upgrades and Downgrades

TRNO has been the subject of several research reports. Barclays decreased their price objective 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. Wells Fargo & Company decreased their price objective 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. JMP Securities reaffirmed a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, February 10th. Finally, Wall Street Zen raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Terreno Realty has an average rating of "Hold" and an average price target of $65.00.

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.