Terreno Realty Corporation $TRNO Stock Holdings Lessened by TD Asset Management Inc

TD Asset Management Inc lowered its stake in Terreno Realty Corporation (NYSE:TRNO) by 1.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 54,510 shares of the real estate investment trust’s stock after selling 1,066 shares during the period. TD Asset Management Inc’s holdings in Terreno Realty were worth $3,056,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC increased its holdings in shares of Terreno Realty by 233.9% in the first quarter. Cerity Partners LLC now owns 19,194 shares of the real estate investment trust’s stock valued at $1,213,000 after buying an additional 13,445 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Terreno Realty by 0.9% in the first quarter. New York State Teachers Retirement System now owns 22,900 shares of the real estate investment trust’s stock valued at $1,448,000 after buying an additional 200 shares in the last quarter. KBC Group NV grew its position in Terreno Realty by 12.8% during the 1st quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 470 shares in the last quarter. GAMMA Investing LLC grew its position in Terreno Realty by 840.2% during the 1st 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Terreno Realty by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,884,086 shares of the real estate investment trust’s stock worth $119,112,000 after purchasing an additional 45,583 shares in the last quarter.

Terreno Realty Trading Up 2.1%

Terreno Realty stock opened at $62.24 on Tuesday. The company’s fifty day simple moving average is $57.52 and its 200-day simple moving average is $56.98. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. Terreno Realty Corporation has a 12 month low of $48.18 and a 12 month high of $69.20. The stock has a market cap of $6.43 billion, a P/E ratio of 24.70, a P/E/G ratio of 2.62 and a beta of 1.04.

Terreno Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were issued a dividend of $0.52 per share. The ex-dividend date was Monday, September 29th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.49. Terreno Realty’s dividend payout ratio is presently 82.54%.

Insider Activity at Terreno Realty

In other news, President Michael A. Coke sold 10,000 shares of the business’s stock in a transaction 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 transaction, the president directly owned 412,415 shares in the company, valued at $22,253,913.40. The trade was a 2.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on TRNO shares. Wells Fargo & Company lowered their price objective on shares of Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. The Goldman Sachs Group set a $64.00 price objective on shares of Terreno Realty and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Piper Sandler lifted their price objective on shares of Terreno Realty from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Cantor Fitzgerald started coverage on shares of Terreno Realty in a research report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 price objective on the stock. Finally, Barclays lifted their price objective on shares of Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $63.70.

About Terreno Realty

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.