Rockefeller Capital Management L.P. Boosts Stock Position in Terreno Realty Corporation $TRNO

Rockefeller Capital Management L.P. increased its stake in Terreno Realty Corporation (NYSE:TRNO) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,372 shares of the real estate investment trust’s stock after buying an additional 908 shares during the period. Rockefeller Capital Management L.P.’s holdings in Terreno Realty were worth $862,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Terreno Realty by 2.2% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 112,252 shares of the real estate investment trust’s stock worth $6,294,000 after buying an additional 2,463 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Terreno Realty by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,884,086 shares of the real estate investment trust’s stock worth $119,112,000 after acquiring an additional 45,583 shares during the period. Amundi lifted its holdings in Terreno Realty by 9.3% in the first quarter. Amundi now owns 56,495 shares of the real estate investment trust’s stock worth $3,272,000 after acquiring an additional 4,785 shares during the last quarter. Intech Investment Management LLC boosted its stake in Terreno Realty by 14.1% in the first quarter. Intech Investment Management LLC now owns 46,811 shares of the real estate investment trust’s stock valued at $2,959,000 after acquiring an additional 5,796 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Terreno Realty by 88.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,268 shares of the real estate investment trust’s stock valued at $1,753,000 after purchasing an additional 14,664 shares during the last quarter.

Terreno Realty Trading Up 0.7%

Shares of NYSE:TRNO opened at $62.97 on Thursday. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.51 and a beta of 1.07. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $69.20. The company has a 50 day moving average price of $59.38 and a 200 day moving average price of $57.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.75.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.34. Terreno Realty had a return on equity of 6.71% and a net margin of 59.56%.The business had revenue of $116.25 million during the quarter, compared to analyst estimates of $114.62 million. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Monday, December 15th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, December 15th. Terreno Realty’s dividend payout ratio is currently 66.03%.

Analyst Upgrades and Downgrades

TRNO has been the topic of several recent research reports. Cantor Fitzgerald assumed coverage on shares of Terreno Realty in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price objective on the stock. Citigroup boosted their price objective on Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. KeyCorp decreased their price objective on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, August 21st. UBS Group set a $71.00 target price on Terreno Realty in a research note on Tuesday, October 21st. Finally, 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. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.25.

Insider Transactions at Terreno Realty

In other news, EVP John Tull Meyer sold 4,758 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $59.95, for a total value of $285,242.10. Following the transaction, the executive vice president directly owned 119,949 shares of the company’s stock, valued at approximately $7,190,942.55. This represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.

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.