Terreno Realty Co. (NYSE:TRNO) Stock Position Trimmed by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lowered its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,541 shares of the real estate investment trust's stock after selling 16,400 shares during the period. Terreno Realty makes up about 1.8% of Moody Aldrich Partners LLC's holdings, making the stock its 3rd biggest position. Moody Aldrich Partners LLC owned about 0.19% of Terreno Realty worth $10,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TRNO. Advisor Group Holdings Inc. raised its position in shares of Terreno Realty by 6.8% in the first quarter. Advisor Group Holdings Inc. now owns 3,948 shares of the real estate investment trust's stock valued at $320,000 after purchasing an additional 253 shares during the period. MetLife Investment Management LLC increased its holdings in Terreno Realty by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 39,255 shares of the real estate investment trust's stock worth $2,907,000 after acquiring an additional 13,997 shares during the period. Rhumbline Advisers increased its holdings in Terreno Realty by 17.2% during the 1st quarter. Rhumbline Advisers now owns 137,608 shares of the real estate investment trust's stock worth $10,190,000 after acquiring an additional 20,239 shares during the period. Great West Life Assurance Co. Can increased its holdings in Terreno Realty by 6.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 63,883 shares of the real estate investment trust's stock worth $4,907,000 after acquiring an additional 3,589 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Terreno Realty by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,336,796 shares of the real estate investment trust's stock worth $98,993,000 after acquiring an additional 22,692 shares during the period.

Analyst Upgrades and Downgrades

TRNO has been the topic of a number of analyst reports. Piper Sandler upped their target price on shares of Terreno Realty from $70.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, March 22nd. JMP Securities reissued a "market outperform" rating and issued a $65.00 price target on shares of Terreno Realty in a report on Thursday, March 28th. Barclays initiated coverage on shares of Terreno Realty in a report on Wednesday, March 27th. They issued an "overweight" rating and a $71.00 price target on the stock. StockNews.com raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a report on Saturday, March 23rd. Finally, Wedbush reissued a "neutral" rating and issued a $67.00 price target on shares of Terreno Realty in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Terreno Realty currently has a consensus rating of "Hold" and an average price target of $67.11.

Terreno Realty Price Performance

Shares of TRNO stock traded up $0.88 during mid-day trading on Tuesday, hitting $65.40. The company had a trading volume of 581,435 shares, compared to its average volume of 692,179. Terreno Realty Co. has a 52-week low of $50.42 and a 52-week high of $66.63. The stock's 50 day moving average price is $63.21 and its 200-day moving average price is $59.92. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market capitalization of $6.31 billion, a P/E ratio of 35.92, a P/E/G ratio of 2.92 and a beta of 0.81.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.58 by $0.10. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. The firm had revenue of $86.48 million for the quarter, compared to the consensus estimate of $84.06 million. Equities research analysts forecast that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Thursday, March 28th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Wednesday, March 27th. Terreno Realty's payout ratio is 99.45%.

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.