Terreno Realty Co. (NYSE:TRNO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 76.1% in the second quarter, Holdings Channel reports. The firm owned 2,974 shares of the real estate investment trust’s stock after selling 9,458 shares during the period. SG Americas Securities LLC’s holdings in Terreno Realty were worth $176,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TRNO. Mather Group LLC. purchased a new position in Terreno Realty in the first quarter valued at about $31,000. SRS Capital Advisors Inc. grew its stake in shares of Terreno Realty by 337.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 408 shares in the last quarter. Whittier Trust Co. raised its holdings in shares of Terreno Realty by 123.4% during the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 337 shares during the period. EntryPoint Capital LLC lifted its position in Terreno Realty by 80.3% during the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 419 shares in the last quarter. Finally, CWM LLC boosted its holdings in Terreno Realty by 58.2% in the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 438 shares during the period.

Insider Activity at Terreno Realty

In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $68.39, for a total value of $341,813.22. Following the sale, the chief financial officer now directly owns 101,927 shares of the company’s stock, valued at $6,970,787.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.39, for a total value of $341,813.22. Following the completion of the transaction, the chief financial officer now owns 101,927 shares in the company, valued at approximately $6,970,787.53. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Michael A. Coke sold 7,500 shares of Terreno Realty stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.53, for a total value of $513,975.00. Following the sale, the president now directly owns 402,164 shares in the company, valued at approximately $27,560,298.92. The disclosure for this sale can be found here. Insiders sold a total of 18,643 shares of company stock valued at $1,277,581 in the last quarter. Insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

TRNO has been the topic of a number of analyst reports. Wedbush reiterated a “neutral” rating and set a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. The Goldman Sachs Group lifted their price target on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. JMP Securities upped their price objective on shares of Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 13th. Scotiabank dropped their target price on Terreno Realty from $66.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 16th. Finally, StockNews.com raised Terreno Realty from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.89.

Terreno Realty Trading Up 2.9 %

Shares of NYSE TRNO opened at $71.02 on Friday. Terreno Realty Co. has a 52-week low of $50.42 and a 52-week high of $71.17. 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 stock has a market capitalization of $6.87 billion, a P/E ratio of 36.99, a PEG ratio of 3.29 and a beta of 0.89. The stock’s 50 day moving average price is $64.62 and its two-hundred day moving average price is $61.54.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.49 per share. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.96 annualized dividend and a yield of 2.76%. Terreno Realty’s payout ratio is presently 102.08%.

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.