Terreno Realty Corporation (NYSE:TRNO) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 233.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,194 shares of the real estate investment trust's stock after purchasing an additional 13,445 shares during the period. Cerity Partners LLC's holdings in Terreno Realty were worth $1,213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Quarry LP grew its holdings in Terreno Realty by 613.7% in the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock worth $43,000 after buying an additional 626 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of 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 worth $45,000 after purchasing an additional 370 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Terreno Realty by 143.6% during the first quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 655 shares during the period. State of Tennessee Department of Treasury acquired a new stake in Terreno Realty in the fourth quarter worth about $71,000. Finally, FIL Ltd grew its position in Terreno Realty by 45.3% in the 4th quarter. FIL Ltd now owns 1,213 shares of the real estate investment trust's stock valued at $72,000 after buying an additional 378 shares in the last quarter.

Terreno Realty Stock Up 1.6%

Shares of Terreno Realty stock opened at $57.47 on Wednesday. The firm has a market cap of $5.94 billion, a PE ratio of 28.88, a P/E/G ratio of 2.41 and a beta of 1.06. Terreno Realty Corporation has a 52-week low of $48.18 and a 52-week high of $71.63. The business's 50 day simple moving average is $57.43 and its 200 day simple moving average is $60.44. 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 firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a dividend of $0.49 per share. The ex-dividend date was Friday, June 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.41%. Terreno Realty's dividend payout ratio is currently 98.49%.

Analyst Upgrades and Downgrades

TRNO has been the topic of several recent analyst reports. Wall Street Zen upgraded Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Barclays decreased their target price on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 27th. Piper Sandler reduced 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. Scotiabank reduced their price target on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. Finally, Wells Fargo & Company dropped 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 research note on Monday, May 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Terreno Realty has a consensus rating of "Hold" and an average price target of $65.00.

Terreno Realty 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.

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