Terreno Realty Corporation $TRNO Stock Purchased by MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd boosted its position in Terreno Realty Corporation (NYSE:TRNO) by 15.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,130 shares of the real estate investment trust’s stock after purchasing an additional 9,631 shares during the period. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s holdings in Terreno Realty were worth $4,721,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of Terreno Realty by 57.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 438 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 159 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Terreno Realty by 0.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,863 shares of the real estate investment trust’s stock worth $1,466,000 after buying an additional 200 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Terreno Realty by 0.8% in the third quarter. Yousif Capital Management LLC now owns 28,704 shares of the real estate investment trust’s stock valued at $1,853,000 after buying an additional 216 shares during the period. Cim Investment Management Inc. lifted its holdings in shares of Terreno Realty by 7.4% in the second quarter. Cim Investment Management Inc. now owns 3,565 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 246 shares during the period. Finally, Gibbs Wealth Management lifted its holdings in shares of Terreno Realty by 5.4% in the third quarter. Gibbs Wealth Management now owns 5,568 shares of the real estate investment trust’s stock valued at $360,000 after buying an additional 286 shares during the period.

Insiders Place Their Bets

In other Terreno Realty news, President Michael A. Coke sold 8,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $68.38, for a total transaction of $547,040.00. Following the sale, the president owned 425,381 shares in the company, valued at approximately $29,087,552.78. The trade was a 1.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Meyer sold 4,447 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $68.64, for a total value of $305,242.08. Following the sale, the executive vice president owned 131,825 shares in the company, valued at approximately $9,048,468. The trade was a 3.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

TRNO has been the subject of several research reports. Cantor Fitzgerald raised their target price on Terreno Realty from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Weiss Ratings cut shares of Terreno Realty from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 3rd. Citigroup reiterated a “market outperform” rating on shares of Terreno Realty in a research report on Wednesday, October 7th. Scotiabank upped their price target on shares of Terreno Realty from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group raised their price objective on shares of Terreno Realty from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.47.

Terreno Realty Stock Performance

TRNO opened at $63.64 on Thursday. The firm has a market cap of $6.94 billion, a PE ratio of 17.06 and a beta of 1.03. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $65.72 and a 200-day simple moving average of $65.69. Terreno Realty Corporation has a fifty-two week low of $56.09 and a fifty-two week high of $78.94.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. The business had revenue of $124.71 million for the quarter, compared to analysts’ expectations of $127.15 million. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%. As a group, equities analysts predict that Terreno Realty Corporation will post 2.84 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 30th were given a $0.57 dividend. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.52. The ex-dividend date was Wednesday, September 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.6%. Terreno Realty’s dividend payout ratio is 61.13%.

Terreno Realty Profile

Terreno Realty Corporation is a real estate investment trust that owns, operates, and invests in industrial properties. The company primarily targets functional, well-located properties serving distribution, logistics, and other industrial uses in densely populated coastal markets.

Terreno’s portfolio generally includes warehouse, transshipment, and industrial-flex properties, as well as improved land and other assets that support industrial operations. Its activities include acquiring properties, leasing available space to tenants, and managing, developing, and redeveloping properties to enhance their utility and value.

The company focuses on major U.S.