Resolution Capital Ltd cut its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 28.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,417,985 shares of the real estate investment trust's stock after selling 552,391 shares during the quarter. Terreno Realty accounts for 1.5% of Resolution Capital Ltd's portfolio, making the stock its 19th biggest holding. Resolution Capital Ltd owned approximately 1.42% of Terreno Realty worth $83,860,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC acquired a new position in shares of Terreno Realty during the fourth quarter valued at $27,000. Steward Partners Investment Advisory LLC raised its holdings in 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 purchasing an additional 361 shares during the last quarter. Quarry LP lifted its position 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 period. Quadrant Capital Group LLC raised its stake in shares of 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 buying an additional 370 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new stake in shares of Terreno Realty during the 4th quarter valued at $71,000.
Wall Street Analysts Forecast Growth
TRNO has been the subject of several research analyst reports. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $65.00 to $77.00 in a research report on Friday, February 21st. Scotiabank dropped 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 report on Monday, April 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. StockNews.com upgraded Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, Barclays cut their price target on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Terreno Realty presently has a consensus rating of "Hold" and an average price target of $65.36.
Check Out Our Latest Research Report on Terreno Realty
Terreno Realty Price Performance
TRNO stock traded down $0.35 during midday trading on Tuesday, reaching $58.16. The company had a trading volume of 134,300 shares, compared to its average volume of 937,861. The company has a market capitalization of $6.01 billion, a P/E ratio of 30.29, a P/E/G ratio of 2.82 and a beta of 1.07. The firm has a 50-day moving average price of $58.83 and a 200-day moving average price of $61.42. Terreno Realty Co. has a 1 year low of $48.18 and a 1 year high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23.
Terreno Realty Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Friday, June 27th. Terreno Realty's dividend payout ratio is currently 98.49%.
Terreno Realty Profile
(
Free Report)
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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