Strs Ohio Boosts Stake in Terreno Realty Corporation $TRNO

Strs Ohio grew its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 9.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 123,600 shares of the real estate investment trust’s stock after acquiring an additional 10,800 shares during the period. Strs Ohio owned about 0.12% of Terreno Realty worth $6,930,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Terreno Realty by 304.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 350 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Terreno Realty by 90.2% in the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 378 shares in the last quarter. CWM LLC boosted its position in shares of Terreno Realty by 26.5% in the 2nd quarter. CWM LLC now owns 1,171 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 245 shares in the last quarter. GAMMA Investing LLC boosted its position 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 worth $78,000 after purchasing an additional 1,109 shares in the last quarter. Finally, Archer Investment Corp bought a new stake in shares of Terreno Realty in the 1st quarter worth approximately $160,000.

Analyst Ratings Changes

TRNO has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price target on Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. UBS Group set a $71.00 price target on Terreno Realty in a research report on Tuesday, October 21st. Wells Fargo & Company dropped their price target on Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Terreno Realty in a research report on Wednesday, October 8th. Finally, Barclays upped their price objective on Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a research report on Monday, September 15th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $65.00.

Terreno Realty Stock Performance

TRNO stock opened at $57.17 on Monday. The stock has a market capitalization of $5.91 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 2.51 and a beta of 1.04. Terreno Realty Corporation has a 12-month low of $48.18 and a 12-month high of $69.20. 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 simple moving average is $58.42 and its 200 day simple moving average is $57.35.

Terreno Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were given a $0.52 dividend. This is a boost 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 annualized dividend and a yield of 3.6%. Terreno Realty’s payout ratio is currently 82.54%.

Insider Buying and Selling at Terreno Realty

In other news, President Michael A. Coke sold 10,000 shares of the stock in a transaction on Thursday, August 14th. The stock was 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 $22,253,913.40. This represents a 2.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by insiders.

About Terreno Realty

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.