Knights of Columbus Asset Advisors LLC Has $1.41 Million Holdings in Terreno Realty Corporation $TRNO

Knights of Columbus Asset Advisors LLC cut its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 53.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,074 shares of the real estate investment trust’s stock after selling 28,905 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Terreno Realty were worth $1,406,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Norinchukin Bank The increased its position in shares of Terreno Realty by 4.5% during the first quarter. Norinchukin Bank The now owns 4,606 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 197 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Terreno Realty by 0.9% in the first quarter. New York State Teachers Retirement System now owns 22,900 shares of the real estate investment trust’s stock valued at $1,448,000 after buying an additional 200 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its position in shares of Terreno Realty by 2.2% during the first quarter. Alliance Wealth Advisors LLC UT now owns 9,297 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Terreno Realty by 3.2% during the second quarter. Fifth Third Bancorp now owns 6,423 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 202 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Terreno Realty by 3.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,079 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 208 shares in the last quarter.

Terreno Realty Stock Up 0.5%

Shares of NYSE TRNO opened at $58.33 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. Terreno Realty Corporation has a 52 week low of $48.18 and a 52 week high of $69.20. The firm’s fifty day moving average is $56.75 and its 200 day moving average is $57.22. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 2.48 and a beta of 1.04.

Terreno Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, September 29th. This is an increase from Terreno Realty’s previous quarterly dividend of $0.49. Terreno Realty’s payout ratio is presently 82.54%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. The Goldman Sachs Group set a $64.00 price objective on shares of Terreno Realty and gave the stock a “buy” rating in a report on Tuesday, August 12th. KeyCorp reduced their target price on shares of Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, August 21st. Piper Sandler boosted their price objective on shares of Terreno Realty from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terreno Realty in a research report on Saturday, September 27th. Finally, Cantor Fitzgerald initiated coverage on shares of Terreno Realty in a research report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 target price for the company. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $63.70.

Insider Transactions at Terreno Realty

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $53.96, for a total transaction of $539,600.00. Following the transaction, the president directly owned 412,415 shares of the company’s stock, valued at approximately $22,253,913.40. The trade was a 2.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Terreno Realty 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.