Squarepoint Ops LLC Lowers Position in Terreno Realty Co. (NYSE:TRNO)

Squarepoint Ops LLC reduced its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 54.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,358 shares of the real estate investment trust's stock after selling 30,734 shares during the quarter. Squarepoint Ops LLC's holdings in Terreno Realty were worth $1,500,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Manchester Capital Management LLC purchased a new stake in Terreno Realty during the fourth quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of 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 worth $33,000 after purchasing an additional 361 shares during the period. Quarry LP increased its position in shares of 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 purchasing an additional 626 shares during the last quarter. Quadrant Capital Group LLC raised 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 period. Finally, State of Tennessee Department of Treasury purchased a new stake in Terreno Realty during the 4th quarter valued at $71,000.

Analysts Set New Price Targets

Several research analysts have commented on TRNO shares. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. JMP Securities restated a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a report on Monday, February 10th. Piper Sandler dropped their price target on shares of 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 reduced their price objective 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. Finally, Scotiabank decreased 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 research note on Monday, April 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Terreno Realty has an average rating of "Hold" and an average target price of $65.27.

Terreno Realty Trading Up 0.8%

Shares of NYSE:TRNO traded up $0.45 during trading on Wednesday, reaching $57.42. 977,841 shares of the company were exchanged, compared to its average volume of 918,358. The business's fifty day simple moving average is $56.83 and its 200-day simple moving average is $61.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. Terreno Realty Co. has a 12-month low of $48.18 and a 12-month high of $71.63. The firm has a market capitalization of $5.93 billion, a PE ratio of 29.91, a P/E/G ratio of 2.82 and a beta of 1.07.

Terreno Realty Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, June 27th. This represents a $1.96 annualized dividend and a yield of 3.41%. Terreno Realty's payout ratio 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.