Vident Advisory LLC Cuts Position in Terreno Realty Co. (NYSE:TRNO)

Vident Advisory LLC decreased its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 43.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,388 shares of the real estate investment trust's stock after selling 24,542 shares during the period. Vident Advisory LLC's holdings in Terreno Realty were worth $1,915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Terreno Realty by 10.8% in the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock valued at $902,293,000 after purchasing an additional 1,484,301 shares during the last quarter. Deutsche Bank AG increased its holdings in Terreno Realty by 287.6% during the 4th quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust's stock valued at $91,454,000 after acquiring an additional 1,147,404 shares in the last quarter. Norges Bank purchased a new stake in shares of Terreno Realty in the fourth quarter valued at about $58,818,000. FMR LLC grew its position 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 valued at $663,987,000 after purchasing an additional 628,116 shares during the last quarter. Finally, Northern Trust Corp grew its position 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 valued at $109,150,000 after purchasing an additional 628,065 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TRNO shares. BMO Capital Markets upped their target price on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Barclays reduced their price objective on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday. 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 research note on Monday, April 7th. Wells Fargo & Company cut their target price on shares of Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Finally, Wall Street Zen raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Terreno Realty presently has a consensus rating of "Hold" and a consensus price target of $65.27.

Terreno Realty Trading Up 2.3%

Shares of TRNO stock traded up $1.29 during trading hours on Tuesday, hitting $56.44. 349,571 shares of the company were exchanged, compared to its average volume of 930,234. The firm has a fifty day moving average of $57.78 and a 200 day moving average of $61.25. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a 1 year low of $48.18 and a 1 year high of $71.63. The firm has a market cap of $5.83 billion, a PE ratio of 29.39, a PEG ratio of 2.82 and a beta of 1.07.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued 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 3.47%. Terreno Realty's dividend payout ratio (DPR) is presently 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.