AlphaQuest LLC Sells 4,012 Shares of Terreno Realty Co. (NYSE:TRNO)

AlphaQuest LLC lowered its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 72.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,530 shares of the real estate investment trust's stock after selling 4,012 shares during the quarter. AlphaQuest LLC's holdings in Terreno Realty were worth $90,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MML Investors Services LLC raised its stake in Terreno Realty by 6.1% in the third quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust's stock valued at $291,000 after purchasing an additional 249 shares in the last quarter. Arizona State Retirement System raised its stake in Terreno Realty by 1.0% in the fourth quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock valued at $1,663,000 after purchasing an additional 276 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in 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 purchasing an additional 361 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Terreno Realty by 0.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust's stock valued at $8,050,000 after purchasing an additional 370 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Terreno Realty by 2,381.3% in the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 381 shares in the last quarter.

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Wall Street Analysts Forecast Growth

TRNO has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Piper Sandler dropped their price target on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Scotiabank boosted their price target on Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a research note on Friday, February 28th. JMP Securities reissued a "market outperform" rating and set a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Finally, Barclays reissued an "equal weight" rating and set a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Terreno Realty has an average rating of "Hold" and a consensus price target of $69.36.

Terreno Realty Trading Down 4.1 %

Shares of NYSE:TRNO traded down $2.67 during midday trading on Friday, hitting $62.56. 1,946,709 shares of the stock were exchanged, compared to its average volume of 859,596. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 32.58, a P/E/G ratio of 2.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The business's 50-day moving average price is $65.78 and its 200 day moving average price is $63.85. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping 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 predict that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The company also recently declared 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 3.13%. The ex-dividend date is Thursday, March 27th. Terreno Realty's dividend payout ratio (DPR) is currently 102.08%.

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.