Peregrine Capital Management LLC Grows Position in Terreno Realty Corporation $TRNO

Peregrine Capital Management LLC raised its holdings in Terreno Realty Corporation (NYSE:TRNO) by 4.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 95,715 shares of the real estate investment trust’s stock after acquiring an additional 4,432 shares during the quarter. Peregrine Capital Management LLC’s holdings in Terreno Realty were worth $5,367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC raised its holdings in shares of Terreno Realty by 233.9% in the 1st 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. New York State Teachers Retirement System raised its holdings in shares of Terreno Realty by 0.9% in the 1st 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 acquiring an additional 200 shares in the last quarter. KBC Group NV raised its holdings in shares of Terreno Realty by 12.8% in the 1st quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 470 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Terreno Realty by 840.2% in the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 1,109 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of 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 acquiring an additional 45,583 shares in the last quarter.

Terreno Realty Stock Performance

Shares of NYSE TRNO opened at $60.34 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average is $58.32 and its 200 day moving average is $57.30. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 2.63 and a beta of 1.04. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $69.20.

Terreno Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were paid a $0.52 dividend. This is an increase from Terreno Realty’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. Terreno Realty’s payout ratio is presently 82.54%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Piper Sandler raised their price target on Terreno Realty from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. The Goldman Sachs Group raised their price objective on Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. UBS Group set a $71.00 price objective on Terreno Realty in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Terreno Realty in a report on Wednesday, October 8th. Finally, Barclays raised their price objective on Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, September 15th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Terreno Realty has a consensus rating of “Hold” and a consensus price target of $65.00.

Insider Buying and Selling

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of Terreno Realty stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $53.96, for a total value of $539,600.00. Following the transaction, the president directly owned 412,415 shares of the company’s stock, valued at $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 is available at the SEC website. 2.00% of the stock is owned by company insiders.

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.