New York State Teachers Retirement System lifted its holdings in shares of Terreno Realty Corporation (NYSE:TRNO – Free Report) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,300 shares of the real estate investment trust’s stock after buying an additional 400 shares during the period. New York State Teachers Retirement System’s holdings in Terreno Realty were worth $1,306,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in shares of Terreno Realty by 304.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 350 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Terreno Realty by 90.2% in the 1st 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 during the period. Blue Trust Inc. raised its holdings in shares of Terreno Realty by 143.6% in the 1st quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 655 shares during the period. CWM LLC raised its holdings in shares of Terreno Realty by 26.5% in the 2nd quarter. CWM LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 245 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Terreno Realty by 840.2% in the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 1,109 shares during the period.
Insider Activity
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 transaction, the president owned 412,415 shares in the company, valued at $22,253,913.40. This represents a 2.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.40% of the stock is currently owned by insiders.
Analyst Ratings Changes
Get Our Latest Analysis on Terreno Realty
Terreno Realty Stock Down 0.7%
Terreno Realty stock opened at $61.12 on Thursday. The stock has a market cap of $6.31 billion, a P/E ratio of 24.25, a P/E/G ratio of 2.65 and a beta of 1.04. 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 twelve month low of $48.18 and a twelve month high of $69.20. The company’s 50-day moving average price is $57.80 and its two-hundred day moving average price is $57.04.
Terreno Realty Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, September 29th. This is a boost from Terreno Realty’s previous quarterly dividend of $0.49. Terreno Realty’s dividend payout ratio (DPR) is currently 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.
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