Terreno Realty Co. (NYSE:TRNO) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC grew its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 29.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,930 shares of the real estate investment trust's stock after buying an additional 18,078 shares during the period. Tidal Investments LLC owned 0.08% of Terreno Realty worth $4,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Manchester Capital Management LLC acquired a new stake in shares of Terreno Realty during the 4th quarter worth about $27,000. Steward Partners Investment Advisory LLC increased its stake in Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 361 shares during the last quarter. Quarry LP raised its holdings in Terreno Realty by 613.7% during the fourth quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 626 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Terreno Realty by 94.6% during the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock worth $45,000 after buying an additional 370 shares during the last quarter. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of Terreno Realty during the 4th quarter worth approximately $71,000.

Wall Street Analyst Weigh In

TRNO has been the topic of a number of recent analyst reports. Piper Sandler dropped their target price on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Scotiabank dropped their price objective on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. Wall Street Zen upgraded Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. BMO Capital Markets boosted their target price on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Finally, Barclays decreased their target price on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $65.36.

Terreno Realty Stock Performance

TRNO stock traded down $0.44 during trading on Monday, hitting $55.12. The company had a trading volume of 703,767 shares, compared to its average volume of 919,685. The firm has a 50-day moving average price of $58.01 and a 200-day moving average price of $61.30. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The firm has a market cap of $5.69 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. Terreno Realty Co. has a 1-year low of $48.18 and a 1-year high of $71.63.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a $0.49 dividend. The ex-dividend date is Friday, June 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.56%. Terreno Realty's dividend payout ratio (DPR) is 98.49%.

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.