Terreno Realty Co. (NYSE:TRNO) Shares Sold by abrdn plc

abrdn plc cut its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 14.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 325,334 shares of the real estate investment trust's stock after selling 52,796 shares during the period. abrdn plc owned 0.33% of Terreno Realty worth $19,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TRNO. FMR LLC lifted its position in Terreno Realty by 16.4% during the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock valued at $708,348,000 after buying an additional 1,496,666 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Terreno Realty by 339.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust's stock valued at $40,842,000 after acquiring an additional 472,125 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Terreno Realty by 59.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust's stock valued at $70,473,000 after acquiring an additional 394,436 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Terreno Realty by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock worth $115,475,000 after purchasing an additional 315,506 shares during the period. Finally, Barclays PLC increased its holdings in Terreno Realty by 131.0% in the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock valued at $11,360,000 after purchasing an additional 96,380 shares in the last quarter.

Terreno Realty Stock Down 0.8 %

Shares of TRNO traded down $0.51 during midday trading on Monday, hitting $66.81. The company had a trading volume of 1,019,683 shares, compared to its average volume of 888,684. The company has a quick ratio of 2.71, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The company's 50 day moving average price is $61.55 and its 200 day moving average price is $64.05. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 2.85 and a beta of 0.91.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings data 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%. On average, equities research analysts predict that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty's dividend payout ratio (DPR) is presently 102.08%.

Wall Street Analyst Weigh In

Several research analysts have commented on TRNO shares. JMP Securities reissued a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday. BMO Capital Markets began coverage on Terreno Realty in a research report on Tuesday, February 4th. They set a "market perform" rating and a $71.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective for the company. Scotiabank reduced their target price on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a research report on Friday, October 25th. Finally, Barclays reaffirmed an "equal weight" rating and set a $60.00 price target (down from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $68.27.

About Terreno Realty

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.