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

Wellington Management Group LLP reduced its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.71% of Terreno Realty worth $41,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in shares of Terreno Realty by 39.3% during the 3rd quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust’s stock worth $6,156,000 after purchasing an additional 25,988 shares in the last quarter. Barclays PLC grew its holdings in Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock valued at $11,360,000 after buying an additional 96,380 shares during the last quarter. Geode Capital Management LLC increased its position in Terreno Realty by 0.4% during 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 in the last quarter. Verition Fund Management LLC acquired a new position in shares of Terreno Realty in the third quarter worth $225,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Terreno Realty in the third quarter valued at $255,000.

Terreno Realty Trading Down 3.5 %

Shares of TRNO opened at $55.86 on Friday. The stock’s fifty day simple moving average is $65.80 and its 200 day simple moving average is $63.35. Terreno Realty Co. has a twelve month low of $53.78 and a twelve month high of $71.63. 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 firm has a market capitalization of $5.75 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping 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%. On average, equities research analysts forecast that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.51%. Terreno Realty’s dividend payout ratio is currently 102.08%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TRNO shares. JMP Securities reiterated a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. The Goldman Sachs Group raised shares of Terreno Realty from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $77.00 in a research report on Friday, February 21st. Piper Sandler decreased their target price on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Scotiabank increased their price target on Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.09.

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.