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

Quantbot Technologies LP lessened its stake in Terreno Realty Co. (NYSE:TRNO) by 33.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,455 shares of the real estate investment trust’s stock after selling 4,321 shares during the quarter. Quantbot Technologies LP’s holdings in Terreno Realty were worth $500,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. 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 raised its position in shares of Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock valued at $33,000 after acquiring 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 approximately $76,000. Los Angeles Capital Management LLC bought a new position in Terreno Realty during the fourth quarter worth $202,000. Finally, KBC Group NV boosted its holdings in Terreno Realty by 40.7% in the fourth quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 1,059 shares during the period.

Analyst Ratings Changes

A number of analysts have weighed in on TRNO shares. Scotiabank increased their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, February 10th. Piper Sandler dropped their price target on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, Barclays reduced their price objective on Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $69.09.

Terreno Realty Price Performance

Shares of NYSE TRNO opened at $63.10 on Friday. The firm’s 50-day simple moving average is $66.08 and its 200 day simple moving average is $63.70. The stock has a market cap of $6.30 billion, a P/E ratio of 32.86, a P/E/G ratio of 2.82 and a beta of 0.93. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. Equities analysts expect that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a $0.49 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.11%. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Terreno Realty Company 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.