Citigroup Inc. Has $3.93 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Citigroup Inc. reduced its position in shares of Terreno Realty Co. (NYSE:TRNO – Get Rating) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,136 shares of the real estate investment trust’s stock after selling 10,126 shares during the period. Citigroup Inc.’s holdings in Terreno Realty were worth $3,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Terreno Realty by 3.2% during the first quarter. Vanguard Group Inc. now owns 10,954,204 shares of the real estate investment trust’s stock worth $811,159,000 after buying an additional 341,279 shares during the last quarter. State Street Corp grew its stake in shares of Terreno Realty by 1.0% in the second quarter. State Street Corp now owns 3,679,689 shares of the real estate investment trust’s stock worth $206,265,000 after purchasing an additional 37,223 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Terreno Realty by 1.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,215,111 shares of the real estate investment trust’s stock worth $164,030,000 after purchasing an additional 28,839 shares during the last quarter. PGGM Investments bought a new stake in shares of Terreno Realty in the third quarter worth $96,080,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Terreno Realty by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,336,796 shares of the real estate investment trust’s stock worth $98,993,000 after purchasing an additional 22,692 shares during the last quarter. Institutional investors own 98.53% of the company’s stock.

Terreno Realty Stock Performance

TRNO opened at $61.37 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.21 and a quick ratio of 0.21. Terreno Realty Co. has a fifty-two week low of $50.36 and a fifty-two week high of $67.03. The firm has a market capitalization of $5.11 billion, a PE ratio of 23.25, a P/E/G ratio of 3.13 and a beta of 0.83. The company’s 50-day moving average is $62.08 and its 200 day moving average is $60.87.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.61%. Terreno Realty’s dividend payout ratio is presently 60.61%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TRNO. BTIG Research boosted their price objective on shares of Terreno Realty from $74.00 to $80.00 in a research note on Thursday, February 9th. StockNews.com began coverage on shares of Terreno Realty in a research note on Thursday. They issued a “sell” rating on the stock. Finally, JMP Securities reissued a “market outperform” rating and issued a $71.00 price objective on shares of Terreno Realty in a research note on Monday, April 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Terreno Realty presently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

About Terreno Realty

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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.