Resolution Capital Ltd lowered its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,922,202 shares of the real estate investment trust’s stock after selling 68,084 shares during the quarter. Terreno Realty makes up about 2.6% of Resolution Capital Ltd’s holdings, making the stock its 14th biggest position. Resolution Capital Ltd owned 3.09% of Terreno Realty worth $80,809,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in TRNO. We Are One Seven LLC purchased a new position in shares of Terreno Realty during the fourth quarter worth approximately $41,000. Parametrica Management Ltd purchased a new position in Terreno Realty in the 4th quarter valued at $207,000. Federated Investors Inc. PA grew its position in Terreno Realty by 48.6% in the 3rd quarter. Federated Investors Inc. PA now owns 6,020 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 1,970 shares during the last quarter. Brinker Capital Inc. purchased a new position in Terreno Realty in the 4th quarter valued at $219,000. Finally, Neuberger Berman Group LLC grew its position in Terreno Realty by 16.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 6,907 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 958 shares during the last quarter. 99.64% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research upgraded shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Thursday, December 20th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $42.75.
Shares of NYSE TRNO traded down $0.37 during trading on Wednesday, hitting $42.53. 3,870 shares of the company were exchanged, compared to its average volume of 242,370. The firm has a market capitalization of $2.67 billion, a P/E ratio of 39.01, a PEG ratio of 3.55 and a beta of 0.83. Terreno Realty Co. has a 1 year low of $33.52 and a 1 year high of $44.20. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.25.
The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, March 28th. Terreno Realty’s dividend payout ratio (DPR) is presently 88.07%.
In other news, Director David M. Lee purchased 5,000 shares of the business’s stock in a transaction dated Friday, February 8th. The stock was acquired at an average price of $42.04 per share, with a total value of $210,200.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $210,200. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.
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About Terreno Realty
Terreno Realty Corporation 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
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