Waratah Capital Advisors Ltd. Cuts Holdings in Terreno Realty Co. (NYSE:TRNO)

Waratah Capital Advisors Ltd. decreased its position in shares of Terreno Realty Co. (NYSE:TRNOGet Rating) by 31.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,539 shares of the real estate investment trust’s stock after selling 104,595 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Terreno Realty were worth $16,775,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its holdings in shares of Terreno Realty by 14.3% in the 1st quarter. Teacher Retirement System of Texas now owns 15,520 shares of the real estate investment trust’s stock valued at $1,149,000 after acquiring an additional 1,940 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Terreno Realty by 5.8% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,509 shares of the real estate investment trust’s stock valued at $2,407,000 after acquiring an additional 1,782 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Terreno Realty by 11.4% in the 1st quarter. M&T Bank Corp now owns 20,031 shares of the real estate investment trust’s stock valued at $1,484,000 after acquiring an additional 2,047 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Terreno Realty by 732.1% in the 1st quarter. Qube Research & Technologies Ltd now owns 32,053 shares of the real estate investment trust’s stock valued at $2,374,000 after acquiring an additional 28,201 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Terreno Realty by 34.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 6,348 shares of the real estate investment trust’s stock valued at $470,000 after acquiring an additional 1,614 shares during the last quarter.

Insider Activity at Terreno Realty

In other Terreno Realty news, CEO W Blake Baird acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The shares were bought at an average cost of $64.00 per share, with a total value of $64,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 588,376 shares in the company, valued at approximately $37,656,064. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by corporate insiders.

Terreno Realty Trading Up 1.6 %

Shares of Terreno Realty stock traded up $0.99 on Friday, hitting $62.89. 445,784 shares of the company traded hands, compared to its average volume of 356,681. The stock’s 50 day moving average price is $58.55 and its 200-day moving average price is $66.44. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.36. Terreno Realty Co. has a 52 week low of $54.51 and a 52 week high of $86.00. The company has a market cap of $4.75 billion, a PE ratio of 27.58 and a beta of 0.75.

Terreno Realty (NYSE:TRNOGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.20). The business had revenue of $64.04 million for the quarter, compared to analysts’ expectations of $62.16 million. Terreno Realty had a net margin of 68.67% and a return on equity of 8.69%. Equities research analysts predict that Terreno Realty Co. will post 1.93 EPS for the current year.

Terreno Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.54%. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, September 29th. Terreno Realty’s dividend payout ratio (DPR) is presently 59.65%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TRNO shares. Mizuho lowered their price target on shares of Terreno Realty from $76.00 to $64.00 and set a “na” rating for the company in a report on Tuesday, May 17th. The Goldman Sachs Group decreased their price objective on shares of Terreno Realty from $79.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, June 16th. TheStreet downgraded shares of Terreno Realty from a “b” rating to a “c+” rating in a research note on Thursday, May 19th. Jefferies Financial Group decreased their price objective on shares of Terreno Realty from $88.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. Finally, KeyCorp decreased their price objective on shares of Terreno Realty from $86.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, June 28th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.33.

Terreno Realty Profile

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Terreno Realty Corporation 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 condensed notes to the consolidated financial statements are unaudited.

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Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

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