Harbor Capital Advisors Inc. Grows Position in Terreno Realty Co. (NYSE:TRNO)

Harbor Capital Advisors Inc. increased its position in Terreno Realty Co. (NYSE:TRNO) by 112.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,869 shares of the real estate investment trust’s stock after buying an additional 13,157 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Terreno Realty were worth $1,662,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRNO. V Square Quantitative Management LLC purchased a new position in shares of Terreno Realty in the third quarter valued at about $26,000. Whittier Trust Co. increased its holdings in Terreno Realty by 123.4% during the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 337 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Terreno Realty during the 2nd quarter valued at approximately $48,000. EntryPoint Capital LLC lifted its holdings in Terreno Realty by 80.3% in the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 419 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Terreno Realty by 6,580.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 987 shares during the last quarter.

Terreno Realty Stock Performance

Terreno Realty stock opened at $60.69 on Wednesday. The stock’s 50 day moving average is $65.77 and its 200 day moving average is $62.67. The company has a market capitalization of $5.88 billion, a P/E ratio of 33.53, a PEG ratio of 2.77 and a beta of 0.90. Terreno Realty Co. has a twelve month low of $53.23 and a twelve month high of $71.63. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24.

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

Insiders Place Their Bets

In other news, CFO Jaime Jackson Cannon sold 4,998 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 101,927 shares in the company, valued at $6,970,787.53. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP John Tull Meyer sold 6,145 shares of Terreno Realty stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.64, for a total value of $421,792.80. Following the completion of the sale, the executive vice president now directly owns 110,988 shares in the company, valued at $7,618,216.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the business’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 transaction of $341,813.22. Following the transaction, the chief financial officer now directly owns 101,927 shares of the company’s stock, valued at $6,970,787.53. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,643 shares of company stock valued at $1,277,581. Insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TRNO. Wells Fargo & Company lowered Terreno Realty from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $71.00 to $75.00 in a research note on Wednesday, August 28th. JMP Securities lifted their target price on shares of Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 13th. Wedbush reissued a “neutral” rating and issued a $70.00 price target (up from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Scotiabank cut their price objective on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Finally, Wolfe Research raised Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $69.22.

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.