Lincluden Management Ltd. Acquires 13,332 Shares of Terreno Realty Corporation $TRNO

Lincluden Management Ltd. lifted its holdings in Terreno Realty Corporation (NYSE:TRNO) by 47.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 41,251 shares of the real estate investment trust’s stock after buying an additional 13,332 shares during the period. Lincluden Management Ltd.’s holdings in Terreno Realty were worth $2,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its stake in shares of Terreno Realty by 304.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 350 shares during the period. Jones Financial Companies Lllp lifted its holdings in Terreno Realty by 90.2% during the first quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 378 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Terreno Realty by 143.6% in the first quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 655 shares during the period. GAMMA Investing LLC boosted its position in shares of Terreno Realty by 840.2% in the first quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 1,109 shares during the period. Finally, Archer Investment Corp purchased a new stake in shares of Terreno Realty in the first quarter worth $160,000.

Insider Transactions at Terreno Realty

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $53.96, for a total transaction of $539,600.00. Following the completion of the sale, the president directly owned 412,415 shares of the company’s stock, valued at $22,253,913.40. This trade represents a 2.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on TRNO shares. Cantor Fitzgerald started coverage on shares of Terreno Realty in a research note on Wednesday, October 1st. They set an “overweight” rating and a $70.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Terreno Realty in a research report on Wednesday. The Goldman Sachs Group set a $64.00 target price on Terreno Realty and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Piper Sandler lifted their target price on Terreno Realty from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. Finally, KeyCorp dropped their price target on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $63.70.

Terreno Realty Trading Down 2.8%

Shares of TRNO opened at $55.94 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.75 and a quick ratio of 1.75. Terreno Realty Corporation has a 1 year low of $48.18 and a 1 year high of $69.20. The company has a 50 day simple moving average of $56.90 and a two-hundred day simple moving average of $57.09. The firm has a market cap of $5.78 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 2.39 and a beta of 1.04.

Terreno Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were issued a dividend of $0.52 per share. This is an increase from Terreno Realty’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. Terreno Realty’s payout ratio is 82.54%.

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.