Ashton Thomas Private Wealth LLC Invests $48,000 in Terreno Realty Co. (NYSE:TRNO)

Ashton Thomas Private Wealth LLC purchased a new position in shares of Terreno Realty Co. (NYSE:TRNO) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 808 shares of the real estate investment trust’s stock, valued at approximately $48,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRNO. Principal Securities Inc. bought a new stake in shares of Terreno Realty during the 4th quarter worth approximately $76,000. Dimensional Fund Advisors LP increased its position in Terreno Realty by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,223,247 shares of the real estate investment trust’s stock worth $76,663,000 after purchasing an additional 20,257 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Terreno Realty by 5.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,546 shares of the real estate investment trust’s stock worth $348,000 after purchasing an additional 269 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Terreno Realty by 2.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 51,487 shares of the real estate investment trust’s stock worth $3,177,000 after purchasing an additional 1,338 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Terreno Realty by 15.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,817 shares of the real estate investment trust’s stock worth $490,000 after purchasing an additional 1,023 shares in the last quarter.

Analysts Set New Price Targets

TRNO has been the subject of a number of research analyst reports. Wells Fargo & Company cut shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th. Scotiabank upped their price target on shares of Terreno Realty from $59.00 to $70.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. JMP Securities increased their price objective on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 13th. Finally, Barclays cut their target price on shares of Terreno Realty from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $69.56.

Terreno Realty Stock Up 1.4 %

Terreno Realty stock opened at $69.53 on Monday. Terreno Realty Co. has a 1-year low of $50.42 and a 1-year high of $71.63. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 3.15 and a beta of 0.90. The firm’s fifty day moving average price is $67.57 and its two-hundred day moving average price is $62.18. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. The business had revenue of $94.25 million during the quarter, compared to the consensus estimate of $89.07 million. On average, equities research analysts predict that Terreno Realty Co. will post 2.42 earnings per share for the current fiscal year.

Terreno Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be issued a $0.49 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.96 annualized dividend and a dividend yield of 2.82%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.45. Terreno Realty’s dividend payout ratio is currently 93.75%.

Insider Activity

In related news, President Michael A. Coke sold 7,500 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the completion of the sale, the president now owns 402,164 shares in the company, valued at $27,560,298.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP John Tull Meyer sold 6,145 shares of Terreno Realty stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.64, for a total value of $421,792.80. Following the completion of the transaction, the executive vice president now owns 110,988 shares in the company, valued at $7,618,216.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael A. Coke sold 7,500 shares of Terreno Realty stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.53, for a total transaction of $513,975.00. Following the completion of the transaction, the president now owns 402,164 shares of the company’s stock, valued at approximately $27,560,298.92. The disclosure for this sale can be found here. Insiders sold a total of 18,643 shares of company stock worth $1,277,581 over the last quarter. Insiders own 2.40% of the company’s stock.

About Terreno Realty

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.