Pacer Advisors Inc. Raises Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Pacer Advisors Inc. raised its position in Terreno Realty Co. (NYSE:TRNO) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,310 shares of the real estate investment trust’s stock after buying an additional 2,059 shares during the quarter. Pacer Advisors Inc. owned approximately 0.12% of Terreno Realty worth $6,883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Terreno Realty by 7.6% in the first quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust’s stock valued at $861,988,000 after buying an additional 919,851 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Terreno Realty by 16.4% in the first quarter. Principal Financial Group Inc. now owns 5,155,458 shares of the real estate investment trust’s stock valued at $342,322,000 after purchasing an additional 727,995 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Terreno Realty by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust’s stock valued at $276,381,000 after purchasing an additional 291,051 shares during the period. American Century Companies Inc. increased its holdings in shares of Terreno Realty by 7.3% in the second quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust’s stock valued at $127,287,000 after purchasing an additional 146,808 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings 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 valued at $81,862,000 after purchasing an additional 103,833 shares during the period.

Terreno Realty Stock Up 1.2 %

TRNO opened at $69.22 on Tuesday. The business’s fifty day moving average is $68.25 and its two-hundred day moving average is $62.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 3.20 and a beta of 0.90. Terreno Realty Co. has a one year low of $50.42 and a one year high of $71.63.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The firm had revenue of $94.25 million for the quarter, compared to analysts’ expectations of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. Analysts anticipate that Terreno Realty Co. will post 2.42 EPS 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. Shareholders of record on Monday, September 30th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.83%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, September 30th. Terreno Realty’s payout ratio is presently 102.08%.

Insiders Place Their Bets

In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 101,927 shares in the company, valued at $6,970,787.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP John Tull Meyer sold 6,145 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $68.64, for a total value of $421,792.80. Following the sale, the executive vice president now directly owns 110,988 shares in the company, valued at $7,618,216.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the company’s stock in a transaction 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 owns 101,927 shares in the company, valued at $6,970,787.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,643 shares of company stock worth $1,277,581. 2.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TRNO. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a report on Thursday, August 29th. Scotiabank boosted their target price on Terreno Realty from $59.00 to $70.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Wells Fargo & Company lowered Terreno Realty from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $71.00 to $75.00 in a report on Wednesday, August 28th. Wedbush reaffirmed a “neutral” rating and set a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Finally, JMP Securities upped their price objective on Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.