Vident Investment Advisory LLC cut its holdings in shares of Terreno Realty Co. (NYSE:TRNO – Get Rating) by 2.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,677 shares of the real estate investment trust's stock after selling 1,543 shares during the quarter. Vident Investment Advisory LLC owned 0.08% of Terreno Realty worth $4,195,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC acquired a new stake in shares of Terreno Realty in the 1st quarter valued at $28,000. USA Financial Portformulas Corp acquired a new stake in shares of Terreno Realty in the 4th quarter valued at $39,000. First Eagle Investment Management LLC acquired a new stake in shares of Terreno Realty in the 4th quarter valued at $51,000. Meeder Asset Management Inc. acquired a new stake in shares of Terreno Realty in the 1st quarter valued at $64,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Terreno Realty in the 1st quarter valued at $139,000. 99.27% of the stock is currently owned by institutional investors and hedge funds.
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Terreno Realty Trading Up 2.6 %
Shares of Terreno Realty stock opened at $63.54 on Monday. Terreno Realty Co. has a 1 year low of $54.51 and a 1 year high of $86.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market capitalization of $4.80 billion, a P/E ratio of 27.87 and a beta of 0.75. The company's fifty day moving average is $61.01 and its two-hundred day moving average is $64.92.
Terreno Realty Increases Dividend
The firm 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 annualized dividend and a yield of 2.52%. The ex-dividend date is Thursday, September 29th. Terreno Realty's dividend payout ratio (DPR) is presently 59.65%.
Wall Street Analysts Forecast Growth
TRNO has been the topic of a number of analyst reports. Piper Sandler reduced their price objective on shares of Terreno Realty to $73.00 in a report on Monday, July 4th. The Goldman Sachs Group cut their price target on shares of Terreno Realty from $79.00 to $70.00 and set a "neutral" rating on the stock in a research note on Thursday, June 16th. Mizuho cut their price target on shares of Terreno Realty from $76.00 to $64.00 and set a "na" rating on the stock in a research note on Tuesday, May 17th. JMP Securities began coverage on shares of Terreno Realty in a research note on Wednesday, May 18th. They set an "outperform" rating and a $75.00 price target on the stock. Finally, KeyCorp cut their price target on shares of Terreno Realty from $86.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $74.13.
About Terreno Realty
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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.
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