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

Quantbot Technologies LP cut its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 33.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Several other hedge funds have also recently modified their holdings of TRNO. Stifel Financial Corp boosted its stake in Terreno Realty by 39.3% in the third quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust's stock valued at $6,156,000 after acquiring an additional 25,988 shares in the last quarter. Barclays PLC raised its holdings in shares of Terreno Realty by 131.0% in the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock worth $11,360,000 after buying an additional 96,380 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Terreno Realty by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust's stock worth $161,423,000 after buying an additional 8,940 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Terreno Realty during the third quarter worth $225,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Terreno Realty during the third quarter valued at $255,000.

Terreno Realty Price Performance

Shares of TRNO stock traded up $0.14 during mid-day trading on Tuesday, hitting $63.36. 755,134 shares of the stock were exchanged, compared to its average volume of 873,035. Terreno Realty Co. has a 52-week low of $53.78 and a 52-week high of $71.63. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.53 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. The firm has a fifty day moving average of $66.13 and a 200 day moving average of $63.52.

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Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS 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%. Research analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

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 given a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.09%. Terreno Realty's dividend payout ratio (DPR) is 102.08%.

Analyst Upgrades and Downgrades

TRNO has been the topic of several research analyst reports. 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. Barclays dropped their target price on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and raised their price target for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. 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 objective on the stock. Finally, Piper Sandler reduced their target price on shares of Terreno Realty from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $69.09.

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.