Cerity Partners LLC Acquires 13,445 Shares of Terreno Realty Corporation (NYSE:TRNO)

Cerity Partners LLC raised its stake in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 233.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,194 shares of the real estate investment trust's stock after acquiring an additional 13,445 shares during the quarter. Cerity Partners LLC's holdings in Terreno Realty were worth $1,213,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position 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 valued at $902,293,000 after acquiring an additional 1,484,301 shares during the period. FMR LLC boosted its holdings in 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. T. Rowe Price Investment Management Inc. boosted its holdings in Terreno Realty by 4.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,145,502 shares of the real estate investment trust's stock valued at $304,305,000 after purchasing an additional 210,696 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Terreno Realty by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust's stock worth $144,031,000 after buying an additional 19,900 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Terreno Realty by 51.6% during the 4th quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock worth $109,150,000 after buying an additional 628,065 shares during the last quarter.

Terreno Realty Stock Performance

Shares of Terreno Realty stock traded down $0.24 during trading on Friday, reaching $56.99. The company's stock had a trading volume of 586,324 shares, compared to its average volume of 932,438. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.35 and a current ratio of 2.35. The business's fifty day moving average price is $57.30 and its 200-day moving average price is $60.38. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 2.43 and a beta of 1.06. Terreno Realty Corporation has a one year low of $48.18 and a one year high of $71.63.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.44%. Terreno Realty's payout ratio is presently 98.49%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TRNO shares. Wells Fargo & Company cut their price target on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Scotiabank lowered their price target on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Monday, April 7th. Barclays decreased their target price on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 27th. Piper Sandler decreased their target price on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Wall Street Zen raised Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $65.00.

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.