Moody Aldrich Partners LLC lifted its holdings in Terreno Realty Co. (NYSE:TRNO – Get Rating) by 7.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 160,885 shares of the real estate investment trust's stock after acquiring an additional 10,757 shares during the quarter. Terreno Realty accounts for about 1.8% of Moody Aldrich Partners LLC's holdings, making the stock its 8th biggest holding. Moody Aldrich Partners LLC's holdings in Terreno Realty were worth $8,966,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TRNO. Geode Capital Management LLC lifted its holdings in shares of Terreno Realty by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 1,658,308 shares of the real estate investment trust's stock worth $141,437,000 after acquiring an additional 85,054 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Terreno Realty by 3.0% in the 4th quarter. American International Group Inc. now owns 39,200 shares of the real estate investment trust's stock worth $3,343,000 after acquiring an additional 1,145 shares during the last quarter. Invesco Ltd. raised its holdings in Terreno Realty by 20.3% during the 4th quarter. Invesco Ltd. now owns 248,660 shares of the real estate investment trust's stock valued at $21,208,000 after buying an additional 41,922 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Terreno Realty during the 4th quarter valued at $210,000. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in Terreno Realty by 15.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 7,053 shares of the real estate investment trust's stock valued at $602,000 after buying an additional 948 shares during the last quarter. 99.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TRNO has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of Terreno Realty from $88.00 to $68.00 and set a "buy" rating for the company in a report on Thursday, June 30th. KeyCorp lowered their price target on shares of Terreno Realty from $86.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, June 28th. The Goldman Sachs Group lowered their price target on shares of Terreno Realty from $79.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, June 16th. Finally, Piper Sandler lowered their price target on shares of Terreno Realty to $73.00 in a report on Monday, July 4th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Terreno Realty has a consensus rating of "Moderate Buy" and an average target price of $74.13.

Terreno Realty Stock Up 0.1 %

Terreno Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.40 per share. This is an increase from Terreno Realty's previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Thursday, September 29th. Terreno Realty's payout ratio is presently 59.65%.

About Terreno Realty

(Get Rating)

Terreno Realty Corporation 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 condensed notes to the consolidated financial statements are unaudited.

Read More

• Get a free copy of the StockNews.com research report on Terreno Realty (TRNO)
• Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
• MarketBeat: Week in Review 9/19 – 9/23
• Why Does Tesla Stock Remain Resilient?
• Is Costco's Post-Earnings Price Weakness A Good Time To Buy?
• 2 Semiconductor Stocks To Watch For Reversals

Want to see what other hedge funds are holding TRNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terreno Realty Co. (NYSE:TRNO – Get Rating).

Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.