15,003 Shares in Terreno Realty Corporation (NYSE:TRNO) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,003 shares of the real estate investment trust's stock, valued at approximately $948,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TRNO. Vanguard Group Inc. lifted its stake in Terreno Realty by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock worth $902,293,000 after purchasing an additional 1,484,301 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Terreno Realty by 287.6% in the fourth quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust's stock worth $91,454,000 after buying an additional 1,147,404 shares during the period. Norges Bank purchased a new position in shares of Terreno Realty in the fourth quarter worth about $58,818,000. FMR LLC increased its holdings in shares of Terreno Realty by 5.9% in the fourth quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust's stock worth $663,987,000 after buying an additional 628,116 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Terreno Realty by 51.6% in the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock worth $109,150,000 after purchasing an additional 628,065 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have commented on TRNO. Scotiabank lowered their price objective on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. Wells Fargo & Company cut their price target on shares of Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Wall Street Zen upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Piper Sandler dropped their target price on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Barclays dropped their target price on shares of Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 27th. One investment 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. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $65.00.

Terreno Realty Price Performance

Shares of TRNO traded down $0.38 during mid-day trading on Friday, reaching $57.79. The stock had a trading volume of 2,097,155 shares, compared to its average volume of 934,901. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 2.48 and a beta of 1.07. Terreno Realty Corporation 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 $57.26 and a 200 day moving average of $60.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.35 and a current ratio of 2.35.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a $0.49 dividend. The ex-dividend date is Friday, June 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.39%. Terreno Realty's payout ratio is currently 98.49%.

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.