Moody Aldrich Partners LLC Increases Position in Terreno Realty Co. (NYSE:TRNO)

Moody Aldrich Partners LLC boosted its holdings in Terreno Realty Co. (NYSE:TRNOGet Rating) by 12.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,128 shares of the real estate investment trust’s stock after purchasing an additional 16,950 shares during the quarter. Terreno Realty comprises 1.6% of Moody Aldrich Partners LLC’s portfolio, making the stock its 19th largest position. Moody Aldrich Partners LLC owned approximately 0.20% of Terreno Realty worth $11,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management LLC lifted its stake in shares of Terreno Realty by 34.1% in the first quarter. Los Angeles Capital Management LLC now owns 6,348 shares of the real estate investment trust’s stock worth $470,000 after buying an additional 1,614 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Terreno Realty by 6.5% in the first quarter. Truist Financial Corp now owns 10,666 shares of the real estate investment trust’s stock worth $790,000 after buying an additional 649 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Terreno Realty by 3.9% in the fourth quarter. Rhumbline Advisers now owns 117,369 shares of the real estate investment trust’s stock worth $10,010,000 after buying an additional 4,456 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Terreno Realty by 0.6% in the first quarter. California Public Employees Retirement System now owns 160,784 shares of the real estate investment trust’s stock worth $11,906,000 after buying an additional 1,012 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Terreno Realty by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 149,069 shares of the real estate investment trust’s stock worth $11,039,000 after buying an additional 2,627 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TRNO shares. The Goldman Sachs Group dropped their target price on shares of Terreno Realty from $79.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, June 16th. KeyCorp dropped their target price on shares of Terreno Realty from $86.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 28th. Piper Sandler lowered their price objective on shares of Terreno Realty to $73.00 in a research report on Monday, July 4th. JMP Securities assumed coverage on shares of Terreno Realty in a research report on Wednesday, May 18th. They set an “outperform” rating and a $75.00 price objective on the stock. Finally, Jefferies Financial Group lowered their price objective on shares of Terreno Realty from $88.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Terreno Realty presently has an average rating of “Moderate Buy” and an average target price of $74.13.

Terreno Realty Stock Performance

TRNO stock traded down $0.45 during midday trading on Wednesday, reaching $65.45. 3,764 shares of the company’s stock traded hands, compared to its average volume of 402,133. Terreno Realty Co. has a 52-week low of $54.51 and a 52-week high of $86.00. The stock has a market cap of $4.94 billion, a P/E ratio of 28.90 and a beta of 0.75. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average is $58.94 and its 200 day moving average is $65.99.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.40 per share. This is a boost from Terreno Realty’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, September 29th. Terreno Realty’s dividend payout ratio is currently 59.65%.

Terreno Realty Company Profile

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Terreno Realty Corporation 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 condensed notes to the consolidated financial statements are unaudited.

See Also

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Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

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