Terreno Realty Corporation $TRNO Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 36.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,676 shares of the real estate investment trust’s stock after acquiring an additional 16,865 shares during the quarter. Intech Investment Management LLC’s holdings in Terreno Realty were worth $3,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its position in Terreno Realty by 233.9% in the first quarter. Cerity Partners LLC now owns 19,194 shares of the real estate investment trust’s stock valued at $1,213,000 after acquiring an additional 13,445 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Terreno Realty by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,884,086 shares of the real estate investment trust’s stock valued at $119,112,000 after buying an additional 45,583 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Terreno Realty by 2.2% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 112,252 shares of the real estate investment trust’s stock valued at $6,294,000 after purchasing an additional 2,463 shares during the last quarter. Amundi increased its holdings in Terreno Realty by 9.3% during the 1st quarter. Amundi now owns 56,495 shares of the real estate investment trust’s stock worth $3,272,000 after purchasing an additional 4,785 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Terreno Realty by 69.8% in the first quarter. HighTower Advisors LLC now owns 6,229 shares of the real estate investment trust’s stock worth $394,000 after buying an additional 2,560 shares during the last quarter.

Terreno Realty Stock Performance

Shares of TRNO opened at $60.25 on Wednesday. Terreno Realty Corporation has a 52-week low of $48.18 and a 52-week high of $69.20. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.23 billion, a PE ratio of 23.91, a P/E/G ratio of 2.51 and a beta of 1.07. The firm has a 50-day moving average price of $58.98 and a 200 day moving average price of $57.62.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $114.62 million. On average, sell-side analysts anticipate that Terreno Realty Corporation will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Monday, December 15th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, December 15th. Terreno Realty’s dividend payout ratio is presently 66.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TRNO shares. The Goldman Sachs Group increased their price objective on shares of Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Cantor Fitzgerald assumed coverage on Terreno Realty in a report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price objective for the company. Scotiabank raised Terreno Realty from a “sector perform” rating to a “sector outperform” rating and set a $67.00 target price on the stock in a report on Monday, November 10th. Barclays lifted their target price on Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, September 15th. Finally, Citigroup raised their price objective on Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Terreno Realty presently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Insider Buying and Selling at Terreno Realty

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 value 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. The trade was a 3.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.40% of the company’s stock.

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.