Harvest Fund Management Co. Ltd Boosts Holdings in Terreno Realty Corporation (NYSE:TRNO)

Harvest Fund Management Co. Ltd increased its position in Terreno Realty Corporation (NYSE:TRNO) by 271.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,772 shares of the real estate investment trust’s stock after purchasing an additional 3,487 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Terreno Realty were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC lifted its stake in shares of Terreno Realty by 233.9% in the first quarter. Cerity Partners LLC now owns 19,194 shares of the real estate investment trust’s stock worth $1,213,000 after buying an additional 13,445 shares in the last quarter. New York State Teachers Retirement System lifted its position in Terreno Realty by 0.9% in the 1st quarter. New York State Teachers Retirement System now owns 22,900 shares of the real estate investment trust’s stock valued at $1,448,000 after acquiring an additional 200 shares in the last quarter. KBC Group NV boosted its stake in Terreno Realty by 12.8% during the 1st quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 470 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Terreno Realty during the 1st quarter valued at $948,000. Finally, GAMMA Investing LLC increased its holdings in shares of Terreno Realty by 840.2% in the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 1,109 shares in the last quarter.

Terreno Realty Stock Down 1.6%

TRNO opened at $55.94 on Thursday. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $71.63. The firm’s 50 day simple moving average is $57.23 and its two-hundred day simple moving average is $60.32. The company has a market capitalization of $5.78 billion, a PE ratio of 28.11, a PEG ratio of 2.43 and a beta of 1.06. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.20.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Friday, June 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 98.49%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Scotiabank lowered their price target on Terreno Realty from $68.00 to $57.00 and set a “sector perform” rating on the stock in a report on Monday, April 7th. Wells Fargo & Company set a $72.00 target price on shares of Terreno Realty in a research note on Sunday, July 13th. Wall Street Zen raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a report on Tuesday, May 20th. Piper Sandler decreased their price objective on shares of Terreno Realty from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Finally, Barclays lowered their price objective on shares of Terreno Realty from $57.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $65.90.

About Terreno Realty

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.