Handelsbanken Fonder AB Sells 1,100 Shares of Terreno Realty Corporation $TRNO

Handelsbanken Fonder AB lowered its holdings in Terreno Realty Corporation (NYSE:TRNO) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,730 shares of the real estate investment trust’s stock after selling 1,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Terreno Realty were worth $1,611,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TRNO. Geneos Wealth Management Inc. lifted its stake in Terreno Realty by 304.3% during the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 350 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Terreno Realty by 90.2% during the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 378 shares during the period. CWM LLC boosted its stake in Terreno Realty by 26.5% in the 2nd quarter. CWM LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 245 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Terreno Realty in the second quarter valued at $152,000. Finally, Aigen Investment Management LP bought a new stake in Terreno Realty in the first quarter valued at $211,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TRNO shares. Barclays boosted their target price on shares of Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a research note on Monday, September 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Terreno Realty in a research report on Thursday, November 20th. Citigroup upped their price objective on shares of Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. The Goldman Sachs Group raised their price objective on shares of Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Finally, KeyCorp reduced their target price on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, August 21st. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.25.

Insider Buying and Selling at Terreno Realty

In other news, EVP John Tull Meyer sold 4,758 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.95, for a total transaction of $285,242.10. Following the transaction, the executive vice president owned 119,949 shares of the company’s stock, valued at $7,190,942.55. This represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.40% of the stock is currently owned by insiders.

Terreno Realty Trading Up 0.7%

TRNO opened at $62.97 on Thursday. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $69.20. The stock has a market capitalization of $6.51 billion, a PE ratio of 24.99, a PEG ratio of 2.51 and a beta of 1.07. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $59.38 and a two-hundred day moving average price of $57.82.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.34. The company had revenue of $116.25 million for the quarter, compared to analyst estimates of $114.62 million. Terreno Realty had a net margin of 59.56% and a return on equity of 6.71%. As a group, equities analysts anticipate that Terreno Realty Corporation will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Monday, December 15th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, December 15th. Terreno Realty’s dividend payout ratio (DPR) is 66.03%.

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.