Terreno Realty Co. (NYSE:TRNO) Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC lessened its holdings in shares of Terreno Realty Co. (NYSE:TRNO – Get Rating) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 347,036 shares of the real estate investment trust’s stock after selling 4,710 shares during the quarter. Granite Investment Partners LLC owned 0.46% of Terreno Realty worth $19,736,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ronald Blue Trust Inc. lifted its holdings in Terreno Realty by 1,519.4% during the 4th quarter. Ronald Blue Trust Inc. now owns 502 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 471 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Terreno Realty during the 1st quarter valued at approximately $28,000. Itau Unibanco Holding S.A. acquired a new position in Terreno Realty during the 4th quarter valued at approximately $31,000. First Eagle Investment Management LLC boosted its position in Terreno Realty by 26.3% during the 4th quarter. First Eagle Investment Management LLC now owns 908 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 189 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in Terreno Realty by 30.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,780 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 420 shares during the period. Institutional investors and hedge funds own 98.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TRNO. JMP Securities restated a “market outperform” rating and set a $71.00 price objective on shares of Terreno Realty in a research report on Monday, April 3rd. StockNews.com began coverage on Terreno Realty in a research report on Thursday, May 18th. They set a “sell” rating for the company. Finally, BTIG Research boosted their price target on Terreno Realty from $74.00 to $80.00 in a research report on Thursday, February 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.00.

Terreno Realty Stock Performance

Terreno Realty stock traded up $0.91 during trading hours on Friday, hitting $60.29. The stock had a trading volume of 83,685 shares, compared to its average volume of 541,557. Terreno Realty Co. has a fifty-two week low of $50.36 and a fifty-two week high of $67.03. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average of $61.94 and a two-hundred day moving average of $60.96. The company has a market cap of $5.02 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, June 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.65%. Terreno Realty’s dividend payout ratio (DPR) is presently 60.61%.

Terreno Realty Profile

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Terreno Realty Corp. is a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W. Blake Baird on November 6, 2009 and is headquartered in Bellevue, WA.