ProShare Advisors LLC reduced its position in shares of Terreno Realty Corporation (NYSE:TRNO – Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,986 shares of the real estate investment trust’s stock after selling 9,550 shares during the period. ProShare Advisors LLC’s holdings in Terreno Realty were worth $6,751,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in Terreno Realty by 15.6% during the fourth quarter. Bessemer Group Inc. now owns 653,017 shares of the real estate investment trust’s stock worth $38,338,000 after acquiring an additional 88,322 shares during the period. Allworth Financial LP boosted its position in shares of Terreno Realty by 8,307.6% in the 4th quarter. Allworth Financial LP now owns 9,921 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 9,803 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Terreno Realty by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,663 shares of the real estate investment trust’s stock valued at $1,389,000 after purchasing an additional 431 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Terreno Realty in the 4th quarter valued at $3,963,000. Finally, Diversify Wealth Management LLC raised its holdings in Terreno Realty by 5.7% during the 4th quarter. Diversify Wealth Management LLC now owns 13,613 shares of the real estate investment trust’s stock worth $816,000 after buying an additional 735 shares during the period.
Terreno Realty Trading Down 0.5%
NYSE:TRNO opened at $66.03 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $67.55. The stock’s 50-day moving average is $64.29 and its two-hundred day moving average is $62.83. The stock has a market cap of $7.02 billion, a PE ratio of 16.14 and a beta of 1.06.
Terreno Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, June 26th. Terreno Realty’s payout ratio is 50.86%.
Wall Street Analyst Weigh In
TRNO has been the topic of several recent analyst reports. iA Financial set a $75.00 price objective on Terreno Realty in a report on Friday, February 6th. Robert W. Baird set a $69.00 price objective on Terreno Realty in a report on Friday, May 8th. Royal Bank Of Canada set a $72.00 price objective on Terreno Realty in a report on Monday, February 9th. Cantor Fitzgerald boosted their price objective on Terreno Realty from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Citigroup boosted their price objective on Terreno Realty from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.57.
Check Out Our Latest Report on Terreno Realty
Terreno Realty Profile
Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.
Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.
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