XTX Topco Ltd Sells 17,371 Shares of Terreno Realty Corporation (NYSE:TRNO)

Key Points

• XTX Topco Ltd significantly reduced its stake in Terreno Realty Corporation by 79.6% during the 1st quarter, selling 17,371 shares to own 4,461 shares worth $282,000 by quarter's end.
• Terreno Realty announced a dividend increase to $0.52 per share, marking a 6.1% rise from the previous $0.49 and representing a 3.9% yield for investors.
• Analyst ratings for Terreno Realty are mixed, with a consensus rating of "Hold" and an average price target of $65.90 following recent adjustments by several firms.

XTX Topco Ltd lowered its stake in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 79.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,461 shares of the real estate investment trust's stock after selling 17,371 shares during the quarter. XTX Topco Ltd's holdings in Terreno Realty were worth $282,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Quarry LP grew 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 last quarter. Blue Trust Inc. grew 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 acquiring an additional 655 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in Terreno Realty in the 4th quarter valued at $71,000. FIL Ltd grew its position in Terreno Realty by 45.3% in the 4th quarter. FIL Ltd now owns 1,213 shares of the real estate investment trust's stock valued at $72,000 after acquiring an additional 378 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Terreno Realty by 840.2% in the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust's stock valued at $78,000 after acquiring an additional 1,109 shares during the last quarter.

Terreno Realty Trading Down 1.4%

Shares of NYSE:TRNO opened at $53.03 on Tuesday. Terreno Realty Corporation has a 52-week low of $48.18 and a 52-week high of $71.63. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 2.29 and a beta of 1.02. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $56.99 and a 200-day moving average price of $59.88.

Terreno Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.9%. This is a positive change from Terreno Realty's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, September 29th. Terreno Realty's dividend payout ratio is 77.78%.

Wall Street Analyst Weigh In

Several equities analysts have commented on TRNO shares. Wells Fargo & Company set a $72.00 price objective on Terreno Realty in a research report on Sunday, July 13th. Piper Sandler cut their price objective on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Barclays lowered 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, Wall Street Zen upgraded Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Terreno Realty currently has a consensus rating of "Hold" and an average price target of $65.90.

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.

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