Terreno Realty Co. (NYSE:TRNO) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 33.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,455 shares of the real estate investment trust’s stock after selling 4,321 shares during the period. Quantbot Technologies LP’s holdings in Terreno Realty were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in TRNO. Manchester Capital Management LLC acquired a new stake in Terreno Realty during the fourth quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 361 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Terreno Realty during the 4th quarter valued at $76,000. Los Angeles Capital Management LLC bought a new stake in shares of Terreno Realty during the 4th quarter worth $202,000. Finally, KBC Group NV grew its holdings in shares of Terreno Realty by 40.7% in the 4th 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 last quarter.

Terreno Realty Stock Performance

Shares of NYSE TRNO opened at $63.10 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63. The business’s 50-day moving average price is $66.08 and its two-hundred day moving average price is $63.70. The company has a market capitalization of $6.30 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. Analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.49 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.11%. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Analysts Set New Price Targets

TRNO has been the subject of several analyst reports. BMO Capital Markets upped their target price on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. Barclays dropped their target price on shares of Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Piper Sandler decreased their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $69.09.

Terreno Realty Profile

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.