Xponance Inc. Boosts Stake in Terreno Realty Co. (NYSE:TRNO)

Xponance Inc. grew its stake in Terreno Realty Co. (NYSE:TRNO) by 15.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,085 shares of the real estate investment trust’s stock after purchasing an additional 833 shares during the quarter. Xponance Inc.’s holdings in Terreno Realty were worth $360,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. acquired a new stake in shares of Terreno Realty in the 1st quarter valued at about $31,000. Whittier Trust Co. raised its stake 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 valued at $40,000 after purchasing an additional 337 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Terreno Realty in the 2nd quarter valued at about $48,000. EntryPoint Capital LLC raised its stake in shares of Terreno Realty by 80.3% in the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 419 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Terreno Realty by 58.2% in the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 438 shares in the last quarter.

Terreno Realty Trading Down 1.8 %

Terreno Realty stock opened at $65.63 on Wednesday. The firm has a 50 day simple moving average of $68.29 and a 200-day simple moving average of $62.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market capitalization of $6.36 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 3.10 and a beta of 0.90. Terreno Realty Co. has a 12-month low of $50.42 and a 12-month high of $71.63.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). The company had revenue of $94.25 million during the quarter, compared to the consensus estimate of $89.07 million. Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. As a group, equities research analysts expect that Terreno Realty Co. will post 2.42 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be issued a $0.49 dividend. The ex-dividend date is Monday, September 30th. This is a boost from Terreno Realty’s previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a dividend yield of 2.99%. Terreno Realty’s dividend payout ratio (DPR) is 93.75%.

Analysts Set New Price Targets

TRNO has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a research note on Monday. Mizuho reiterated an “underperform” rating and set a $62.00 price objective on shares of Terreno Realty in a research note on Thursday, September 5th. The Goldman Sachs Group increased their price objective 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. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Finally, Scotiabank increased their price objective on shares of Terreno Realty from $59.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $69.56.

Insider Activity

In related news, President Michael A. Coke sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the completion of the sale, the president now directly owns 402,164 shares in the company, valued at $27,560,298.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $341,813.22. Following the completion of the sale, the chief financial officer now directly owns 101,927 shares in the company, valued at $6,970,787.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael A. Coke sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was 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. The disclosure for this sale can be found here. Insiders sold 18,643 shares of company stock worth $1,277,581 over the last three months. Corporate insiders own 2.40% of the company’s stock.

Terreno Realty 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.