Raymond James & Associates Decreases Stock Position in Terreno Realty Co. (NYSE:TRNO)

Raymond James & Associates lessened its stake in Terreno Realty Co. (NYSE:TRNO) by 8.6% in the second quarter, Holdings Channel reports. The fund owned 184,289 shares of the real estate investment trust’s stock after selling 17,252 shares during the quarter. Raymond James & Associates’ holdings in Terreno Realty were worth $10,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Terreno Realty by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust’s stock valued at $861,988,000 after purchasing an additional 919,851 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Terreno Realty by 16.4% in the 1st quarter. Principal Financial Group Inc. now owns 5,155,458 shares of the real estate investment trust’s stock valued at $342,322,000 after purchasing an additional 727,995 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Terreno Realty by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust’s stock valued at $276,381,000 after acquiring an additional 291,051 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Terreno Realty by 0.7% during the 4th quarter. Schroder Investment Management Group now owns 1,285,232 shares of the real estate investment trust’s stock valued at $80,545,000 after acquiring an additional 8,984 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Terreno Realty by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,223,247 shares of the real estate investment trust’s stock valued at $76,663,000 after acquiring an additional 20,257 shares in the last quarter.

Insider Transactions at Terreno Realty

In other news, EVP John Tull Meyer sold 6,145 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $68.64, for a total value of $421,792.80. Following the completion of the transaction, the executive vice president now owns 110,988 shares of the company’s stock, valued at $7,618,216.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Jaime Jackson Cannon sold 4,998 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was 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 owns 101,927 shares of the company’s stock, valued at $6,970,787.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Tull Meyer sold 6,145 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.64, for a total value of $421,792.80. Following the transaction, the executive vice president now directly owns 110,988 shares of the company’s stock, valued at approximately $7,618,216.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,643 shares of company stock valued at $1,277,581. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TRNO shares. Wedbush reissued a “neutral” rating and set a $70.00 price target (up from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. JMP Securities upped their price target on Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 13th. StockNews.com raised Terreno Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Scotiabank dropped their price target 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, BNP Paribas started coverage on Terreno Realty in a research report on Tuesday, June 4th. They issued an “outperform” rating and a $68.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Terreno Realty presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.89.

Terreno Realty Trading Up 2.9 %

NYSE:TRNO opened at $71.02 on Monday. Terreno Realty Co. has a 1 year low of $50.42 and a 1 year high of $71.17. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 3.17 and a beta of 0.89. The business has a fifty day moving average of $64.62 and a 200-day moving average of $61.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34.

Terreno Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a $0.49 dividend. This is a boost from Terreno Realty’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, September 30th. This represents a $1.96 annualized dividend and a dividend yield of 2.76%. Terreno Realty’s dividend payout ratio is presently 93.75%.

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.