Peregrine Capital Management LLC Grows Position in Terreno Realty Corporation $TRNO

Peregrine Capital Management LLC boosted its stake in Terreno Realty Corporation (NYSE:TRNO) by 4.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 95,715 shares of the real estate investment trust’s stock after buying an additional 4,432 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.09% of Terreno Realty worth $5,367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norinchukin Bank The increased its position in shares of Terreno Realty by 4.5% during the 1st quarter. Norinchukin Bank The now owns 4,606 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 197 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Terreno Realty by 0.9% during the 1st 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 purchasing an additional 200 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its position in shares of Terreno Realty by 2.2% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 9,297 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 200 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Terreno Realty by 3.2% during the 2nd quarter. Fifth Third Bancorp now owns 6,423 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 202 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Terreno Realty by 3.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,079 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 208 shares during the last quarter.

Insider Buying and Selling

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $53.96, for a total value of $539,600.00. Following the completion of the transaction, the president owned 412,415 shares in the company, valued at $22,253,913.40. This trade represents a 2.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Terreno Realty Stock Down 1.3%

Shares of NYSE TRNO opened at $60.34 on Wednesday. Terreno Realty Corporation has a 52 week low of $48.18 and a 52 week high of $69.20. The business has a 50-day simple moving average of $58.32 and a two-hundred day simple moving average of $57.30. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. The company has a market cap of $6.23 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.63 and a beta of 1.04.

Terreno Realty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were paid a $0.52 dividend. The ex-dividend date was Monday, September 29th. This represents a $2.08 annualized dividend and a yield of 3.4%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.49. Terreno Realty’s dividend payout ratio is 82.54%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRNO. Cantor Fitzgerald began coverage on Terreno Realty in a research report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 target price for the company. Wells Fargo & Company cut their price target on Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. KeyCorp cut 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Terreno Realty in a research note on Wednesday, October 8th. Finally, Piper Sandler increased their price target on Terreno Realty from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.00.

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.