Schroder Investment Management Group Sells 597,537 Shares of Terreno Realty Co. (NYSE:TRNO)

Schroder Investment Management Group reduced its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 45.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 718,421 shares of the real estate investment trust's stock after selling 597,537 shares during the quarter. Schroder Investment Management Group owned approximately 0.72% of Terreno Realty worth $42,372,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Manchester Capital Management LLC purchased a new stake in Terreno Realty in the fourth quarter worth about $27,000. Steward Partners Investment Advisory LLC raised its stake in 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 worth $33,000 after acquiring an additional 361 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Terreno Realty during the fourth quarter valued at approximately $76,000. Los Angeles Capital Management LLC bought a new position in shares of Terreno Realty in the fourth quarter worth approximately $202,000. Finally, Virtu Financial LLC bought a new position in shares of Terreno Realty in the fourth quarter worth approximately $205,000.

Wall Street Analysts Forecast Growth

TRNO has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Piper Sandler cut their target price on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. JMP Securities reissued a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price target for the company. Finally, Scotiabank lifted their price objective on shares of Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $69.09.

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Terreno Realty Price Performance

Shares of TRNO stock traded down $6.02 on Thursday, reaching $57.87. The company's stock had a trading volume of 1,544,813 shares, compared to its average volume of 877,603. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. The stock's fifty day simple moving average is $66.12 and its 200-day simple moving average is $63.52. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued 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%. Analysts forecast that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.39%. Terreno Realty's dividend payout ratio (DPR) is presently 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.