Rhumbline Advisers reduced its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 3.5% in the 1st quarter, according to its most recent 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 about 0.32% of Terreno Realty worth $20,879,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Manchester Capital Management LLC acquired a new stake in Terreno Realty during the 4th quarter valued at $27,000. Steward Partners Investment Advisory LLC grew its holdings 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 during the last quarter. Quarry LP grew its holdings in Terreno Realty by 613.7% during the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 626 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Terreno Realty by 94.6% during 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 during the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in Terreno Realty during the 4th quarter valued at $71,000.
Terreno Realty Trading Up 1.9%
Shares of TRNO traded up $1.12 during trading hours on Friday, hitting $59.05. The stock had a trading volume of 935,302 shares, compared to its average volume of 924,199. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market cap of $6.10 billion, a P/E ratio of 30.75, a P/E/G ratio of 2.82 and a beta of 1.07. The company's fifty day simple moving average is $56.64 and its 200 day simple moving average is $61.01. Terreno Realty Co. has a 12-month low of $48.18 and a 12-month high of $71.63.
Terreno Realty Announces Dividend
The company 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 $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, June 27th. Terreno Realty's dividend payout ratio (DPR) is currently 98.49%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on TRNO shares. BMO Capital Markets increased their target price on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Scotiabank decreased their price objective on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. Barclays decreased their price objective on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 27th. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Finally, Piper Sandler decreased their price objective on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $65.00.
Get Our Latest Analysis on TRNO
About Terreno Realty
(
Free Report)
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.
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