Terreno Realty Corporation $TRNO Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC grew its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,434 shares of the real estate investment trust’s stock after buying an additional 341 shares during the quarter. Moran Wealth Management LLC’s holdings in Terreno Realty were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Geneos Wealth Management Inc. raised its holdings in Terreno Realty by 304.3% in the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 350 shares in the last quarter. Jones Financial Companies Lllp increased 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 during the last quarter. Blue Trust Inc. raised its stake in shares of Terreno Realty by 143.6% in the 1st quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 655 shares in the last quarter. CWM LLC lifted its position in shares of Terreno Realty by 26.5% during the second 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 during the last quarter. Finally, GAMMA Investing LLC grew its stake in Terreno Realty by 840.2% in the first 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.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Terreno Realty in a research note on Wednesday, October 8th. Piper Sandler upped their price target on Terreno Realty from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. The Goldman Sachs Group set a $64.00 price objective on Terreno Realty and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Cantor Fitzgerald assumed coverage on shares of Terreno Realty in a research note on Wednesday, October 1st. They set an “overweight” rating and a $70.00 target price for the company. Finally, Barclays raised their price target on shares of Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, September 15th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.70.

Terreno Realty Price Performance

Shares of TRNO opened at $59.66 on Thursday. The company has a market cap of $6.16 billion, a P/E ratio of 23.67, a PEG ratio of 2.46 and a beta of 1.04. The stock has a fifty day moving average price of $57.08 and a 200 day moving average price of $57.03. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.75 and a quick ratio of 1.75. Terreno Realty Corporation has a 12 month low of $48.18 and a 12 month high of $69.20.

Terreno Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were issued 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 dividend on an annualized basis and a dividend yield of 3.5%. Terreno Realty’s dividend payout ratio is 82.54%.

Insiders Place Their Bets

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $53.96, for a total transaction of $539,600.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.40% of the stock is currently owned by corporate 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.