Swiss National Bank Has $10.37 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Swiss National Bank lowered its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,400 shares of the real estate investment trust's stock after selling 17,600 shares during the quarter. Swiss National Bank owned 0.19% of Terreno Realty worth $10,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new position in shares of Terreno Realty in the 4th quarter valued at about $35,000. Blue Trust Inc. lifted its position in Terreno Realty by 84.2% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 452 shares in the last quarter. Dfpg Investments LLC acquired a new position in Terreno Realty during the fourth quarter valued at approximately $200,000. Covestor Ltd grew its stake in Terreno Realty by 16.9% during the third quarter. Covestor Ltd now owns 3,561 shares of the real estate investment trust's stock worth $202,000 after buying an additional 514 shares during the period. Finally, Prudent Man Advisors LLC acquired a new stake in shares of Terreno Realty in the third quarter worth $204,000.

Terreno Realty Stock Down 0.3 %

NYSE TRNO traded down $0.15 on Monday, hitting $54.92. 506,398 shares of the stock traded hands, compared to its average volume of 696,780. The company has a current ratio of 10.17, a quick ratio of 10.17 and a debt-to-equity ratio of 0.23. Terreno Realty Co. has a twelve month low of $50.42 and a twelve month high of $66.63. The stock has a 50-day moving average of $60.37 and a 200 day moving average of $60.07. The company has a market capitalization of $5.31 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85.

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Friday, June 28th. Terreno Realty's dividend payout ratio is presently 99.45%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JMP Securities restated a "market outperform" rating and set a $65.00 target price on shares of Terreno Realty in a report on Monday. Scotiabank raised their price target on shares of Terreno Realty from $64.00 to $66.00 and gave the company a "sector perform" rating in a report on Monday, February 12th. StockNews.com upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a report on Saturday, March 23rd. Wedbush restated a "neutral" rating and set a $67.00 target price on shares of Terreno Realty in a research note on Thursday, March 28th. Finally, Piper Sandler boosted their price target on Terreno Realty from $70.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, March 22nd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $67.11.

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.