Two Sigma Advisers LP Sells 42,698 Shares of Terreno Realty Co. (NYSE:TRNO)

Two Sigma Advisers LP reduced its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 45.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,200 shares of the real estate investment trust's stock after selling 42,698 shares during the quarter. Two Sigma Advisers LP owned 0.05% of Terreno Realty worth $3,028,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TRNO. Manchester Capital Management LLC bought a new position in Terreno Realty during the fourth quarter worth about $27,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 361 shares during the last quarter. Quarry LP lifted its holdings in Terreno Realty by 613.7% during the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 626 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Terreno Realty by 94.6% during 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 during the period. Finally, State of Tennessee Department of Treasury acquired a new position in shares of Terreno Realty in the fourth quarter valued at $71,000.

Terreno Realty Price Performance

Shares of NYSE TRNO traded down $0.56 during midday trading on Friday, reaching $56.50. 867,872 shares of the company were exchanged, compared to its average volume of 915,926. The stock's 50-day moving average price is $57.21 and its 200-day moving average price is $61.12. Terreno Realty Co. has a one year low of $48.18 and a one year high of $71.63. 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 stock has a market cap of $5.84 billion, a P/E ratio of 29.43, a PEG ratio of 2.82 and a beta of 1.07.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Friday, June 27th. Terreno Realty's dividend payout ratio is presently 98.49%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRNO. JMP Securities reissued a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. Scotiabank dropped their price target 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. Wall Street Zen upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Barclays dropped their target price on shares of Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company reduced 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 report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $65.27.

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.