Two Sigma Investments LP Sells 48,036 Shares of Terreno Realty Co. (NYSE:TRNO)

Two Sigma Investments LP trimmed its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 39.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,333 shares of the real estate investment trust's stock after selling 48,036 shares during the quarter. Two Sigma Investments LP owned approximately 0.07% of Terreno Realty worth $4,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TRNO. Barclays PLC lifted its stake in Terreno Realty by 131.0% during the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock valued at $11,360,000 after buying an additional 96,380 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Terreno Realty by 8.5% during the fourth quarter. BNP Paribas Financial Markets now owns 22,246 shares of the real estate investment trust's stock valued at $1,316,000 after acquiring an additional 1,745 shares during the period. KBC Group NV lifted its position in shares of Terreno Realty by 40.7% in the 4th quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock valued at $217,000 after acquiring an additional 1,059 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Terreno Realty by 1.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust's stock valued at $10,561,000 after acquiring an additional 2,755 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in Terreno Realty in the 4th quarter worth approximately $1,342,000.

Terreno Realty Stock Down 1.0%

Shares of Terreno Realty stock traded down $0.56 during trading on Friday, hitting $56.50. 867,872 shares of the stock traded hands, compared to its average volume of 915,926. The stock has a market cap of $5.84 billion, a P/E ratio of 29.43, a PEG ratio of 2.82 and a beta of 1.07. The company has a fifty day moving average price of $57.21 and a two-hundred day moving average price of $61.12. Terreno Realty Co. has a twelve month low of $48.18 and a twelve month high of $71.63. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Friday, June 27th. Terreno Realty's dividend payout ratio is presently 98.49%.

Wall Street Analysts Forecast Growth

TRNO has been the topic of several recent analyst reports. JMP Securities reissued a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Wells Fargo & Company dropped their price target on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Scotiabank reduced their price objective on 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. Barclays lowered their target price on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 27th. Finally, Piper Sandler reduced 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 report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $65.27.

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.