Thrivent Financial for Lutherans Has $63.24 Million Stock Position in Terreno Realty Corporation $TRNO

Thrivent Financial for Lutherans lessened its holdings in Terreno Realty Corporation (NYSE:TRNO) by 4.2% in the second quarter, HoldingsChannel reports. The fund owned 1,127,908 shares of the real estate investment trust’s stock after selling 49,527 shares during the period. Thrivent Financial for Lutherans’ holdings in Terreno Realty were worth $63,242,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TRNO. EverSource Wealth Advisors LLC boosted its holdings in Terreno Realty by 73.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 189 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Terreno Realty by 304.3% during the first 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 during the period. Jones Financial Companies Lllp raised its position in shares of Terreno Realty by 90.2% in the first quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 378 shares in the last quarter. CWM LLC boosted its stake in shares of Terreno Realty by 26.5% in the second quarter. CWM LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 245 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Terreno Realty by 15.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 193 shares in the last quarter.

Insider Activity at Terreno Realty

In other news, EVP John Tull Meyer sold 4,758 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.95, for a total value of $285,242.10. Following the completion of the transaction, the executive vice president directly owned 119,949 shares in the company, valued at approximately $7,190,942.55. This represents a 3.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Terreno Realty Stock Down 1.5%

TRNO stock opened at $61.37 on Monday. The firm has a 50-day moving average price of $60.43 and a 200-day moving average price of $58.25. 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 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $6.34 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.34. The company had revenue of $116.25 million for the quarter, compared to analyst estimates of $114.62 million. Terreno Realty had a net margin of 72.41% and a return on equity of 8.27%. As a group, equities research analysts anticipate that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.52 per share. The ex-dividend date is Monday, December 15th. This represents a $2.08 annualized dividend and a dividend yield of 3.4%. Terreno Realty’s dividend payout ratio is 66.03%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TRNO. Cantor Fitzgerald assumed coverage on Terreno Realty in a report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price objective for the company. The Goldman Sachs Group boosted their price target on Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Citigroup upped their price objective on shares of Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Mizuho raised their target price on shares of Terreno Realty from $53.00 to $56.00 and gave the company an “underperform” rating in a report on Thursday, December 4th. Finally, Barclays boosted their target price on shares of Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a research report on Monday, September 15th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.54.

Terreno Realty Company 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.