Nebula Research & Development LLC Has $710,000 Stake in Terreno Realty Co. (NYSE:TRNO)

Nebula Research & Development LLC reduced its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 51.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,998 shares of the real estate investment trust's stock after selling 12,797 shares during the quarter. Nebula Research & Development LLC's holdings in Terreno Realty were worth $710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC increased its stake in shares of Terreno Realty by 131.0% in the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock valued at $11,360,000 after buying an additional 96,380 shares during the period. Tidal Investments LLC increased its position in Terreno Realty by 15.9% in the third quarter. Tidal Investments LLC now owns 61,852 shares of the real estate investment trust's stock worth $4,134,000 after purchasing an additional 8,490 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Terreno Realty by 20.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 29,884 shares of the real estate investment trust's stock worth $1,767,000 after purchasing an additional 5,015 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in Terreno Realty by 48.0% during the 4th quarter. Diversify Wealth Management LLC now owns 7,341 shares of the real estate investment trust's stock worth $425,000 after purchasing an additional 2,382 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Terreno Realty during the 4th quarter valued at about $444,000.

Terreno Realty Stock Up 0.5 %

Shares of TRNO stock traded up $0.30 on Thursday, hitting $56.63. 933,820 shares of the stock were exchanged, compared to its average volume of 909,764. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $5.83 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. Terreno Realty Co. has a fifty-two week low of $48.18 and a fifty-two week high of $71.63. The business has a 50-day moving average of $61.45 and a 200 day moving average of $61.92.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. Equities analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.46%. Terreno Realty's dividend payout ratio is 102.08%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TRNO. BMO Capital Markets increased their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. 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 research note on Tuesday, March 25th. JMP Securities reiterated a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. Piper Sandler lowered their price target on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and increased their price target for the company from $65.00 to $77.00 in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $66.45.

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.