Wellington Management Group LLP Decreases Position in Terreno Realty Co. (NYSE:TRNO)

Wellington Management Group LLP lessened its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 709,207 shares of the real estate investment trust's stock after selling 5,631 shares during the quarter. Wellington Management Group LLP owned 0.71% of Terreno Realty worth $41,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TRNO. Manchester Capital Management LLC bought a new position in Terreno Realty in the 4th quarter valued at $27,000. Steward Partners Investment Advisory LLC lifted its position in shares of 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 valued at $33,000 after buying an additional 361 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Terreno Realty during the 4th quarter valued at $76,000. Los Angeles Capital Management LLC purchased a new position in shares of Terreno Realty during the 4th quarter valued at $202,000. Finally, Virtu Financial LLC purchased a new position in shares of Terreno Realty during the 4th quarter valued at $205,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on TRNO shares. Barclays dropped their price objective on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. BMO Capital Markets increased their price objective on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. JMP Securities reissued a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Finally, Piper Sandler cut Terreno Realty from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $78.00 to $61.00 in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Terreno Realty currently has an average rating of "Hold" and a consensus price target of $66.55.

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Terreno Realty Stock Down 5.2 %

Terreno Realty stock traded down $2.89 during mid-day trading on Thursday, hitting $52.94. The company had a trading volume of 189,573 shares, compared to its average volume of 895,937. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The stock's 50 day moving average price is $64.57 and its two-hundred day moving average price is $62.85. Terreno Realty Co. has a 12 month low of $48.18 and a 12 month high of $71.63. The company has a market capitalization of $5.45 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted 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%. As a group, sell-side analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Thursday, March 27th. Terreno Realty's payout ratio is 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.