Susquehanna International Group LLP decreased its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 80.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,132 shares of the real estate investment trust's stock after selling 195,631 shares during the period. Susquehanna International Group LLP's holdings in Terreno Realty were worth $2,728,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its stake in Terreno Realty by 131.0% in the third 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 in the last quarter. KBC Group NV raised its holdings in shares of Terreno Realty by 40.7% during the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust's stock worth $217,000 after acquiring an additional 1,059 shares during the period. Asset Management One Co. Ltd. lifted its position in Terreno Realty by 1.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust's stock valued at $10,561,000 after acquiring an additional 2,755 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Terreno Realty in the 4th quarter worth $1,342,000. Finally, Renaissance Technologies LLC bought a new position in Terreno Realty during the 4th quarter worth about $1,047,000.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on TRNO shares. Piper Sandler cut their price target on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. StockNews.com upgraded Terreno Realty from a "sell" rating to a "hold" rating in a research note on Friday. Barclays reduced their price target on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research report 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $66.45.
Check Out Our Latest Research Report on TRNO
Terreno Realty Stock Down 0.7%
Shares of NYSE:TRNO traded down $0.43 during midday trading on Tuesday, hitting $58.95. The stock had a trading volume of 168,817 shares, compared to its average volume of 920,795. The company has a market cap of $6.07 billion, a P/E ratio of 30.70, a PEG ratio of 2.82 and a beta of 1.07. Terreno Realty Co. has a 12 month low of $48.18 and a 12 month high of $71.63. The business's 50-day simple moving average is $59.78 and its 200-day simple moving average is $61.51. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24.
Terreno Realty Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Friday, June 27th. Terreno Realty's dividend payout ratio is currently 102.08%.
Terreno Realty Company Profile
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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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