Terreno Realty Co. (NYSE:TRNO) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in Terreno Realty Co. (NYSE:TRNO) by 8.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 313,731 shares of the real estate investment trust’s stock after selling 30,599 shares during the quarter. Envestnet Asset Management Inc. owned about 0.32% of Terreno Realty worth $18,567,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mather Group LLC. acquired a new stake in Terreno Realty in the first quarter worth about $31,000. Whittier Trust Co. lifted its holdings in Terreno Realty by 123.4% in the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 337 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Terreno Realty in the 2nd quarter valued at about $48,000. EntryPoint Capital LLC lifted its holdings in Terreno Realty by 80.3% in the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 419 shares during the last quarter. Finally, CWM LLC lifted its holdings in Terreno Realty by 58.2% in the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 438 shares during the last quarter.

Insider Activity at Terreno Realty

In related news, CFO Jaime Jackson Cannon sold 4,998 shares of the business’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 value of $341,813.22. Following the completion of the sale, the chief financial officer now owns 101,927 shares of the company’s stock, valued at approximately $6,970,787.53. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, President Michael A. Coke sold 7,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the president now owns 402,164 shares of the company’s stock, valued at approximately $27,560,298.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.39, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 18,643 shares of company stock valued at $1,277,581. 2.40% of the stock is owned by corporate insiders.

Terreno Realty Stock Up 1.2 %

Terreno Realty stock opened at $69.22 on Tuesday. The firm’s 50 day moving average price is $68.25 and its two-hundred day moving average price is $62.38. The firm has a market cap of $6.69 billion, a PE ratio of 36.05, a P/E/G ratio of 3.20 and a beta of 0.90. Terreno Realty Co. has a twelve month low of $50.42 and a twelve month high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34.

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

Terreno Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be paid a $0.49 dividend. This is a boost from Terreno Realty’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.96 annualized dividend and a dividend yield of 2.83%. Terreno Realty’s payout ratio is presently 102.08%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TRNO. Wedbush reissued a “neutral” rating and issued a $70.00 price target (up from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. 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 report on Monday, August 26th. The Goldman Sachs Group raised their target price 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. Mizuho restated an “underperform” rating and set a $62.00 price target on shares of Terreno Realty in a report on Thursday, September 5th. Finally, StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th. 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. According to data from MarketBeat.com, Terreno Realty presently has an average rating of “Hold” and an average target price of $69.56.

Terreno Realty 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.