Yousif Capital Management LLC Sells 727 Shares of Terreno Realty Co. (NYSE:TRNO)

Yousif Capital Management LLC trimmed its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,156 shares of the real estate investment trust’s stock after selling 727 shares during the quarter. Yousif Capital Management LLC’s holdings in Terreno Realty were worth $2,349,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TRNO. Manchester Capital Management LLC bought a new stake in Terreno Realty during the 4th quarter valued at about $27,000. Steward Partners Investment Advisory LLC increased its position in shares of Terreno Realty by 176.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 361 shares during the period. Quarry LP raised its stake in shares of Terreno Realty by 613.7% during the fourth quarter. Quarry LP now owns 728 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 626 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Terreno Realty by 94.6% during the fourth quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 370 shares in the last quarter. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of Terreno Realty in the fourth quarter valued at approximately $71,000.

Terreno Realty Trading Down 1.3%

NYSE TRNO opened at $58.64 on Friday. Terreno Realty Co. has a 52 week low of $48.18 and a 52 week high of $71.63. The company has a 50 day moving average price of $56.94 and a 200 day moving average price of $60.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.06 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07.

Terreno Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, June 27th. Terreno Realty’s dividend payout ratio is presently 98.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Terreno Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, May 20th. Piper Sandler decreased their price objective on Terreno Realty from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company lowered their price objective on shares of Terreno Realty from $67.00 to $63.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. Barclays cut their target price 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. Finally, Scotiabank lowered their price target on shares of Terreno Realty from $68.00 to $57.00 and set a “sector perform” rating for the company in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $65.00.

Terreno Realty Company 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.