Oak Ridge Investments LLC trimmed its position in shares of Terreno Realty Co. (NYSE:TRNO) by 7.0% during the 1st quarter, HoldingsChannel reports. The firm owned 225,013 shares of the real estate investment trust’s stock after selling 16,862 shares during the quarter. Oak Ridge Investments LLC’s holdings in Terreno Realty were worth $9,460,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. We Are One Seven LLC purchased a new position in shares of Terreno Realty during the 4th quarter valued at $41,000. Quadrant Capital Group LLC increased its holdings in shares of Terreno Realty by 11,547.4% during the 1st quarter. Quadrant Capital Group LLC now owns 2,213 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 2,194 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Terreno Realty by 812.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,375 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 3,005 shares during the period. Quantamental Technologies LLC bought a new position in shares of Terreno Realty during the 1st quarter worth about $182,000. Finally, Parametrica Management Ltd bought a new position in shares of Terreno Realty during the 4th quarter worth about $207,000. Hedge funds and other institutional investors own 97.67% of the company’s stock.
Terreno Realty stock traded down $0.09 during trading hours on Friday, hitting $45.49. 294,036 shares of the stock were exchanged, compared to its average volume of 276,687. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 40.67, a P/E/G ratio of 3.85 and a beta of 0.84. Terreno Realty Co. has a 12 month low of $33.52 and a 12 month high of $47.19.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.96 annualized dividend and a yield of 2.11%.
TRNO has been the topic of a number of analyst reports. KeyCorp set a $49.00 target price on shares of Terreno Realty and gave the company an “in-line” rating in a research note on Thursday, May 2nd. Zacks Investment Research cut shares of Terreno Realty from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. Goldman Sachs Group initiated coverage on shares of Terreno Realty in a research note on Wednesday, May 15th. They issued a “buy” rating and a $49.00 target price on the stock. Finally, Mitsubishi UFJ Financial Group upped their target price on shares of Terreno Realty to $45.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $48.50.
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Terreno Realty Company Profile
Terreno Realty Corporation 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
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