Terreno Realty Co. (NYSE:TRNO) Shares Sold by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC reduced its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 526,589 shares of the real estate investment trust's stock after selling 48,377 shares during the quarter. Terreno Realty makes up approximately 1.8% of Cramer Rosenthal Mcglynn LLC's investment portfolio, making the stock its 20th largest position. Cramer Rosenthal Mcglynn LLC owned approximately 0.53% of Terreno Realty worth $31,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Terreno Realty by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock valued at $902,293,000 after purchasing an additional 1,484,301 shares in the last quarter. Norges Bank purchased a new position in shares of Terreno Realty in the 4th quarter valued at $58,818,000. FMR LLC lifted its stake in shares of Terreno Realty by 5.9% during the 4th quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust's stock worth $663,987,000 after purchasing an additional 628,116 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Terreno Realty by 280.3% in the fourth quarter. Russell Investments Group Ltd. now owns 520,187 shares of the real estate investment trust's stock valued at $30,764,000 after purchasing an additional 383,400 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Terreno Realty by 58.3% in the fourth quarter. Bank of New York Mellon Corp now owns 948,090 shares of the real estate investment trust's stock worth $56,070,000 after purchasing an additional 349,060 shares in the last quarter.

Terreno Realty Stock Performance

Shares of Terreno Realty stock traded up $0.44 during trading on Wednesday, hitting $57.24. 402,266 shares of the company's stock were exchanged, compared to its average volume of 898,180. Terreno Realty Co. has a 52-week low of $48.18 and a 52-week high of $71.63. 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 stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.82 and a beta of 1.00. The business has a 50-day simple moving average of $62.67 and a 200-day simple moving average of $62.20.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, research analysts forecast that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were given a $0.49 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.42%. Terreno Realty's dividend payout ratio is presently 102.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TRNO shares. Scotiabank decreased their target price on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. BMO Capital Markets boosted their target price on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. JMP Securities reiterated a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $66.45.

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.