Blue Trust Inc. Acquires 1,290 Shares of Terreno Realty Co. (NYSE:TRNO)

Blue Trust Inc. increased its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 72.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,067 shares of the real estate investment trust’s stock after acquiring an additional 1,290 shares during the quarter. Blue Trust Inc.’s holdings in Terreno Realty were worth $205,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in Terreno Realty by 238.3% during the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock worth $78,587,000 after purchasing an additional 935,418 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Terreno Realty by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust’s stock worth $861,988,000 after buying an additional 919,851 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Terreno Realty in the 2nd quarter valued at about $39,064,000. Price T Rowe Associates Inc. MD raised its holdings in Terreno Realty by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust’s stock valued at $276,381,000 after acquiring an additional 291,051 shares during the period. Finally, American Century Companies Inc. lifted its position in Terreno Realty by 7.3% during the second quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust’s stock worth $127,287,000 after acquiring an additional 146,808 shares during the last quarter.

Insiders Place Their Bets

In other news, CFO Jaime Jackson Cannon sold 4,998 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.39, for a total value of $341,813.22. Following the sale, the chief financial officer now directly owns 101,927 shares in the company, valued at approximately $6,970,787.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Jaime Jackson Cannon sold 4,998 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $68.39, for a total transaction of $341,813.22. Following the completion of the transaction, the chief financial officer now directly owns 101,927 shares in the company, valued at approximately $6,970,787.53. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael A. Coke sold 7,500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $68.53, for a total value of $513,975.00. Following the sale, the president now directly owns 402,164 shares in the company, valued at approximately $27,560,298.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,643 shares of company stock valued at $1,277,581. 2.40% of the stock is currently owned by corporate insiders.

Terreno Realty Stock Performance

Shares of Terreno Realty stock opened at $61.47 on Friday. The company has a 50 day moving average of $66.96 and a 200-day moving average of $62.54. The company has a market cap of $5.94 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.92 and a beta of 0.90. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a 1-year low of $50.65 and a 1-year high of $71.63.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. The business had revenue of $94.25 million during the quarter, compared to analyst estimates of $89.07 million. As a group, equities research analysts forecast that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Monday, September 30th. This is a boost from Terreno Realty’s previous quarterly dividend of $0.45. Terreno Realty’s payout ratio is currently 102.08%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TRNO shares. The Goldman Sachs Group increased their target price on Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Mizuho reiterated an “underperform” rating and set a $62.00 price objective on shares of Terreno Realty in a research report on Thursday, September 5th. Wedbush reissued a “neutral” rating and issued a $70.00 target price (up previously from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Finally, Scotiabank cut their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $69.22.

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.