Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Position in Terreno Realty Co. (NYSE:TRNO)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Terreno Realty Co. (NYSE:TRNO) by 6.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,140 shares of the real estate investment trust’s stock after buying an additional 1,087 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Terreno Realty were worth $1,279,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of Terreno Realty during the 1st quarter worth approximately $31,000. Whittier Trust Co. boosted its holdings in shares of 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 purchasing an additional 337 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Terreno Realty in the 2nd quarter valued at $48,000. EntryPoint Capital LLC boosted its holdings in shares of 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 purchasing an additional 419 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Terreno Realty by 58.2% during 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 in the last quarter.

Analysts Set New Price Targets

Several research firms recently weighed in on TRNO. The Goldman Sachs Group lifted their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Wells Fargo & Company downgraded shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $71.00 to $75.00 in a research note on Wednesday, August 28th. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. JMP Securities lifted their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 13th. Finally, StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Terreno Realty presently has a consensus rating of “Hold” and an average price target of $69.56.

Terreno Realty Trading Up 0.0 %

Terreno Realty stock opened at $63.30 on Wednesday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $67.25 and a two-hundred day moving average price of $62.55. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 2.97 and a beta of 0.90. Terreno Realty Co. has a 52-week low of $50.42 and a 52-week 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 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 for the quarter, compared to analyst estimates of $89.07 million. Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. Sell-side analysts expect that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.10%. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, September 30th. Terreno Realty’s payout ratio is presently 108.29%.

Insider Buying and Selling at Terreno Realty

In other Terreno Realty news, EVP John Tull Meyer sold 6,145 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.64, for a total transaction of $421,792.80. Following the completion of the transaction, the executive vice president now directly owns 110,988 shares of the company’s stock, valued at $7,618,216.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, 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 transaction of $341,813.22. Following the sale, the chief financial officer now owns 101,927 shares in the company, valued at $6,970,787.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Tull Meyer sold 6,145 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.64, for a total transaction of $421,792.80. Following the sale, the executive vice president now owns 110,988 shares in the company, valued at $7,618,216.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,643 shares of company stock valued at $1,277,581 in the last ninety days. Company insiders own 2.40% of the company’s stock.

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.