Sumitomo Mitsui DS Asset Management Company Ltd Has $1.28 Million Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Terreno Realty Co. (NYSE:TRNO) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,140 shares of the real estate investment trust’s stock after buying an additional 1,087 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Terreno Realty were worth $1,279,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TRNO. Vanguard Group Inc. grew its position in Terreno Realty by 7.6% in the first quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust’s stock worth $861,988,000 after acquiring an additional 919,851 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Terreno Realty by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust’s stock worth $276,381,000 after acquiring an additional 291,051 shares in the last quarter. American Century Companies Inc. grew its position in Terreno Realty by 7.3% in the second quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust’s stock worth $127,287,000 after acquiring an additional 146,808 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Terreno Realty by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust’s stock worth $81,862,000 after acquiring an additional 103,833 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Terreno Realty by 238.3% in the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock worth $78,587,000 after acquiring an additional 935,418 shares in the last quarter.

Insider Buying and Selling

In related news, President Michael A. Coke sold 7,500 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the completion of the sale, the president now owns 402,164 shares in the company, valued at $27,560,298.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Terreno Realty news, President Michael A. Coke sold 7,500 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the sale, the president now owns 402,164 shares of the company’s stock, valued at $27,560,298.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Tull Meyer sold 6,145 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.64, for a total transaction of $421,792.80. Following the sale, the executive vice president now directly owns 110,988 shares in the company, valued at approximately $7,618,216.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,643 shares of company stock worth $1,277,581 in the last quarter. 2.40% of the stock is owned by corporate insiders.

Terreno Realty Trading Up 0.0 %

Shares of TRNO stock opened at $63.30 on Wednesday. Terreno Realty Co. has a 52-week low of $50.42 and a 52-week high of $71.63. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 2.97 and a beta of 0.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a fifty day moving average of $67.25 and a 200-day moving average of $62.55.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The firm had revenue of $94.25 million for the quarter, compared to analyst estimates of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. On average, equities research analysts forecast that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.10%. This is a boost from Terreno Realty’s previous quarterly dividend of $0.45. Terreno Realty’s dividend payout ratio (DPR) is 108.29%.

Wall Street Analysts Forecast Growth

TRNO has been the subject of several recent research reports. Wedbush reissued a “neutral” rating and issued a $70.00 target price (up from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. JMP Securities upped their price objective on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 13th. Mizuho reaffirmed an “underperform” rating and set a $62.00 price objective on shares of Terreno Realty in a report on Thursday, September 5th. StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company cut shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $69.56.

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.