Segall Bryant & Hamill LLC Boosts Position in Terreno Realty Corporation $TRNO

Segall Bryant & Hamill LLC boosted its position in Terreno Realty Corporation (NYSE:TRNO) by 6.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 450,660 shares of the real estate investment trust’s stock after purchasing an additional 27,163 shares during the period. Segall Bryant & Hamill LLC’s holdings in Terreno Realty were worth $25,269,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of Terreno Realty by 304.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 350 shares during the last quarter. Jones Financial Companies Lllp grew its position in Terreno Realty by 90.2% during the first quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 378 shares during the period. CWM LLC increased its holdings in Terreno Realty by 26.5% during the second 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 during the last quarter. Bayforest Capital Ltd bought a new position in Terreno Realty in the second quarter worth approximately $152,000. Finally, Mechanics Bank Trust Department purchased a new position in shares of Terreno Realty during the 2nd quarter worth $208,000.

Wall Street Analysts Forecast Growth

TRNO has been the subject of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Terreno Realty in a research note on Thursday. KeyCorp cut their price target on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, August 21st. Scotiabank raised Terreno Realty from a “sector perform” rating to a “sector outperform” rating and set a $67.00 price objective on the stock in a research note on Monday, November 10th. The Goldman Sachs Group lifted their price objective on Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Finally, Cantor Fitzgerald initiated coverage on shares of Terreno Realty in a report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 target price for the company. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Insider Activity

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

Terreno Realty Trading Up 3.1%

Shares of TRNO stock opened at $61.94 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a fifty day simple moving average of $59.12 and a two-hundred day simple moving average of $57.68. The firm has a market capitalization of $6.40 billion, a PE ratio of 24.58, a PEG ratio of 2.51 and a beta of 1.07. Terreno Realty Corporation has a 52-week low of $48.18 and a 52-week high of $69.20.

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

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, December 15th. Terreno Realty’s dividend payout ratio (DPR) is 66.03%.

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.