Terreno Realty Corporation (NYSE:TRNO) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its stake in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 423,497 shares of the real estate investment trust's stock after selling 86,150 shares during the quarter. Segall Bryant & Hamill LLC owned 0.41% of Terreno Realty worth $26,773,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Steward Partners Investment Advisory LLC increased its stake in Terreno Realty by 176.1% in 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 period. Quarry LP raised its position in 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 acquiring an additional 626 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in 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 valued at $45,000 after acquiring an additional 370 shares during the period. Blue Trust Inc. boosted its position in shares of 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 worth $70,000 after purchasing an additional 655 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in shares of Terreno Realty during the 4th quarter worth $71,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Piper Sandler dropped their price objective on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Barclays lowered their price target on shares of 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. Wall Street Zen upgraded Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Scotiabank lowered their target price 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. Finally, Wells Fargo & Company cut their price target on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $65.00.

Terreno Realty Trading Down 2.3%

NYSE:TRNO traded down $1.32 during mid-day trading on Thursday, reaching $56.29. The company's stock had a trading volume of 633,087 shares, compared to its average volume of 954,643. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $71.63. The company's fifty day simple moving average is $57.45 and its two-hundred day simple moving average is $60.45. 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 stock has a market cap of $5.82 billion, a P/E ratio of 28.27, a P/E/G ratio of 2.42 and a beta of 1.06.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Friday, June 27th. Terreno Realty's dividend payout ratio (DPR) 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.