Allspring Global Investments Holdings LLC Has $32.25 Million Holdings in Terreno Realty Co. (NYSE:TRNO)

Allspring Global Investments Holdings LLC boosted its position in shares of Terreno Realty Co. (NYSE:TRNO) by 16.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 482,554 shares of the real estate investment trust’s stock after acquiring an additional 67,294 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Terreno Realty were worth $32,249,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in Terreno Realty by 7.2% in the 1st quarter. Covestor Ltd now owns 2,950 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 197 shares during the period. Amalgamated Bank lifted its stake in shares of Terreno Realty by 9.9% in the second quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 284 shares during the period. Handelsbanken Fonder AB grew its position in Terreno Realty by 1.1% during the third quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock worth $1,860,000 after buying an additional 300 shares in the last quarter. Creative Planning increased its stake in Terreno Realty by 7.0% during the second quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock valued at $284,000 after acquiring an additional 312 shares during the period. Finally, Whittier Trust Co. lifted its position in shares of Terreno Realty by 123.4% in the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 337 shares during the period.

Insider Transactions at Terreno Realty

In related news, CFO Jaime Jackson Cannon sold 4,998 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 101,927 shares of the company’s stock, valued at $6,970,787.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Terreno Realty news, President Michael A. Coke sold 7,500 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was 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 directly owns 402,164 shares of the company’s stock, valued at approximately $27,560,298.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.39, for a total transaction of $341,813.22. Following the completion of the transaction, the chief financial officer now directly owns 101,927 shares in the company, valued at $6,970,787.53. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,643 shares of company stock worth $1,277,581. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on TRNO. Mizuho restated an “underperform” rating and set a $62.00 price objective on shares of Terreno Realty in a research report on Thursday, September 5th. Wedbush reissued a “neutral” rating and issued a $70.00 price target (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. The Goldman Sachs Group increased their price objective on shares of Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. JMP Securities lifted their target price 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. Finally, Scotiabank increased their price target on shares of Terreno Realty from $59.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $69.56.

Terreno Realty Trading Up 0.5 %

TRNO stock opened at $63.62 on Thursday. The business has a fifty day moving average price of $67.18 and a 200 day moving average price of $62.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. Terreno Realty Co. has a fifty-two week low of $50.42 and a fifty-two week high of $71.63. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 2.97 and a beta of 0.90.

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

Terreno Realty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.49 dividend. The ex-dividend date was Monday, September 30th. This is an increase from Terreno Realty’s previous quarterly dividend of $0.45. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.08%. Terreno Realty’s payout ratio is currently 108.29%.

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.