Legacy Wealth Asset Management LLC raised its holdings in shares of Terreno Realty Co. (NYSE:TRNO – Get Rating) by 1.6% during the second quarter, Holdings Channel reports. The fund owned 15,562 shares of the real estate investment trust's stock after buying an additional 250 shares during the period. Legacy Wealth Asset Management LLC's holdings in Terreno Realty were worth $867,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC grew its position in Terreno Realty by 34.1% during the first quarter. Los Angeles Capital Management LLC now owns 6,348 shares of the real estate investment trust's stock valued at $470,000 after acquiring an additional 1,614 shares during the last quarter. Truist Financial Corp grew its position in Terreno Realty by 6.5% during the first quarter. Truist Financial Corp now owns 10,666 shares of the real estate investment trust's stock valued at $790,000 after acquiring an additional 649 shares during the last quarter. California Public Employees Retirement System grew its position in Terreno Realty by 0.6% during the first quarter. California Public Employees Retirement System now owns 160,784 shares of the real estate investment trust's stock valued at $11,906,000 after acquiring an additional 1,012 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Terreno Realty by 1.8% during the first quarter. Envestnet Asset Management Inc. now owns 149,069 shares of the real estate investment trust's stock valued at $11,039,000 after acquiring an additional 2,627 shares during the last quarter. Finally, Congress Asset Management Co. MA grew its position in Terreno Realty by 54.8% during the first quarter. Congress Asset Management Co. MA now owns 80,594 shares of the real estate investment trust's stock valued at $5,968,000 after acquiring an additional 28,519 shares during the last quarter. 99.27% of the stock is currently owned by institutional investors.
Get Terreno Realty alerts:Terreno Realty Trading Down 4.2 %
TRNO stock traded down $2.39 on Monday, reaching $54.96. The company's stock had a trading volume of 36,207 shares, compared to its average volume of 409,107. The business has a fifty day simple moving average of $61.57 and a two-hundred day simple moving average of $64.20. Terreno Realty Co. has a 12-month low of $54.51 and a 12-month high of $86.00. The firm has a market cap of $4.15 billion, a PE ratio of 25.15 and a beta of 0.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.13 and a current ratio of 0.13.
Terreno Realty Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.40 dividend. This is a positive change from Terreno Realty's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.91%. Terreno Realty's dividend payout ratio (DPR) is presently 59.65%.Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Piper Sandler reduced their price target on shares of Terreno Realty to $73.00 in a research report on Monday, July 4th. The Goldman Sachs Group dropped their price objective on Terreno Realty from $79.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, June 16th. KeyCorp dropped their price objective on Terreno Realty from $86.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, June 28th. Finally, Jefferies Financial Group dropped their price objective on Terreno Realty from $88.00 to $68.00 and set a "buy" rating for the company in a research note on Thursday, June 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $74.13.
Terreno Realty Profile
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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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