Copeland Capital Management LLC Sells 10,825 Shares of Terreno Realty Corporation (NYSE:TRNO)

Copeland Capital Management LLC lessened its stake in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,198,319 shares of the real estate investment trust's stock after selling 10,825 shares during the period. Terreno Realty comprises about 1.5% of Copeland Capital Management LLC's portfolio, making the stock its 14th biggest position. Copeland Capital Management LLC owned 1.16% of Terreno Realty worth $75,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund bought a new position in Terreno Realty in the first quarter worth approximately $3,202,000. Phillips Wealth Planners LLC raised its position in Terreno Realty by 16.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 4,528 shares of the real estate investment trust's stock valued at $286,000 after buying an additional 632 shares during the last quarter. Bessemer Group Inc. raised its position in Terreno Realty by 4.4% in the 1st quarter. Bessemer Group Inc. now owns 464,691 shares of the real estate investment trust's stock valued at $29,379,000 after buying an additional 19,637 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Terreno Realty by 3.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 184,214 shares of the real estate investment trust's stock valued at $11,646,000 after buying an additional 5,454 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Terreno Realty by 143.6% in the 1st quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 655 shares during the last quarter.

Terreno Realty Price Performance

Shares of NYSE:TRNO traded down $0.61 on Monday, hitting $55.51. The company's stock had a trading volume of 405,142 shares, compared to its average volume of 935,788. The company has a market capitalization of $5.74 billion, a PE ratio of 27.90, a PEG ratio of 2.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.35 and a quick ratio of 2.35. Terreno Realty Corporation has a 1 year low of $48.18 and a 1 year high of $71.63. The company has a 50-day simple moving average of $57.37 and a 200 day simple moving average of $60.72.

Terreno Realty Dividend Announcement

The business also recently announced 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. This represents a $1.96 annualized dividend and a yield of 3.53%. The ex-dividend date is Friday, June 27th. Terreno Realty's dividend payout ratio (DPR) is 98.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TRNO shares. Wells Fargo & Company lowered their price target on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Piper Sandler cut their price target 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. Barclays cut their target price on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 27th. Scotiabank cut their target price 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. Finally, Wall Street Zen upgraded Terreno Realty from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $65.00.

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.