Mutual of America Capital Management LLC Has $5.13 Million Holdings in Terreno Realty Co. (NYSE:TRNO)

Mutual of America Capital Management LLC boosted its position in Terreno Realty Co. (NYSE:TRNO) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,727 shares of the real estate investment trust’s stock after purchasing an additional 7,483 shares during the period. Mutual of America Capital Management LLC owned 0.09% of Terreno Realty worth $5,133,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Terreno Realty by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust’s stock worth $81,862,000 after purchasing an additional 103,833 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Terreno Realty during the second quarter worth $39,064,000. Oppenheimer Asset Management Inc. boosted its position in Terreno Realty by 39.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 13,908 shares of the real estate investment trust’s stock valued at $823,000 after acquiring an additional 3,936 shares during the last quarter. Cornercap Investment Counsel Inc. raised its position in shares of Terreno Realty by 5.1% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 13,318 shares of the real estate investment trust’s stock worth $788,000 after acquiring an additional 643 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Terreno Realty by 7.3% during the second quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust’s stock worth $127,287,000 after purchasing an additional 146,808 shares during the period.

Insider Transactions at Terreno Realty

In other news, CFO Jaime Jackson Cannon sold 4,998 shares of Terreno Realty stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.39, for a total value of $341,813.22. Following the sale, the chief financial officer now directly owns 101,927 shares of the company’s stock, valued at $6,970,787.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Jaime Jackson Cannon sold 4,998 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $68.39, for a total transaction of $341,813.22. Following the completion of the sale, the chief financial officer now directly owns 101,927 shares of the company’s stock, valued at approximately $6,970,787.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael A. Coke sold 7,500 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $68.53, for a total value of $513,975.00. Following the transaction, the president now owns 402,164 shares in the company, valued at $27,560,298.92. The disclosure for this sale can be found here. Insiders sold a total of 18,643 shares of company stock valued at $1,277,581 over the last three months. Corporate insiders own 2.40% of the company’s stock.

Terreno Realty Trading Down 1.6 %

Shares of TRNO opened at $68.38 on Friday. 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 $6.61 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 3.20 and a beta of 0.90. The firm’s 50-day moving average price is $68.20 and its 200-day moving average price is $62.35. 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 announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The firm had revenue of $94.25 million during the quarter, compared to the consensus estimate of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. Sell-side analysts anticipate that Terreno Realty Co. will post 2.42 EPS for the current year.

Terreno Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.96 annualized dividend and a dividend yield of 2.87%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.45. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Analyst Ratings Changes

TRNO has been the topic of several research analyst reports. Mizuho reissued an “underperform” rating and set a $62.00 target price on shares of Terreno Realty in a research note on Thursday, September 5th. The Goldman Sachs Group upped their price objective on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Wedbush reiterated a “neutral” rating and set a $70.00 price target (up previously from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Scotiabank raised their price objective on Terreno Realty from $59.00 to $70.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Finally, Wells Fargo & Company lowered shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $69.56.

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.