Wellington Management Group LLP Has $41.94 Million Position in Terreno Realty Co. (NYSE:TRNO)

Wellington Management Group LLP lessened its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 709,207 shares of the real estate investment trust's stock after selling 5,631 shares during the period. Wellington Management Group LLP owned 0.71% of Terreno Realty worth $41,943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Manchester Capital Management LLC acquired a new stake in shares of Terreno Realty during the 4th quarter worth approximately $27,000. Steward Partners Investment Advisory LLC grew its holdings in Terreno Realty by 176.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after buying an additional 361 shares in the last quarter. Quarry LP increased its position in Terreno Realty by 613.7% in the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 626 shares during the period. Quadrant Capital Group LLC boosted its position in 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 acquiring an additional 370 shares during the period. Finally, State of Tennessee Department of Treasury bought a new position in shares of Terreno Realty in the fourth quarter worth $71,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TRNO shares. Scotiabank cut their price objective on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and raised their target price for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Wall Street Zen raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Barclays reduced their target price on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, May 27th. Finally, 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $65.27.

Terreno Realty Price Performance

Shares of NYSE:TRNO traded up $0.37 on Tuesday, hitting $56.93. The stock had a trading volume of 165,554 shares, compared to its average volume of 912,204. The firm's 50 day moving average price is $57.06 and its 200-day moving average price is $61.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. Terreno Realty Co. has a twelve month low of $48.18 and a twelve month high of $71.63. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.96 annualized dividend and a yield of 3.44%. Terreno Realty's dividend payout ratio is 98.49%.

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.