17,500 Terreno Realty Corporation $TRNO Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in Terreno Realty Corporation (NYSE:TRNO) by 18.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,885 shares of the real estate investment trust’s stock after selling 17,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.07% of Terreno Realty worth $4,834,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TRNO. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd boosted its holdings in Terreno Realty by 15.2% in the 3rd quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 73,130 shares of the real estate investment trust’s stock worth $4,721,000 after acquiring an additional 9,631 shares during the period. Moody Aldrich Partners LLC raised its stake in shares of Terreno Realty by 39.7% during the third quarter. Moody Aldrich Partners LLC now owns 138,027 shares of the real estate investment trust’s stock valued at $8,910,000 after purchasing an additional 39,231 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Terreno Realty by 6.4% during the third quarter. Asset Management One Co. Ltd. now owns 182,415 shares of the real estate investment trust’s stock worth $11,775,000 after purchasing an additional 11,047 shares in the last quarter. Signaturefd LLC lifted its position in shares of Terreno Realty by 164.2% during the third quarter. Signaturefd LLC now owns 1,234 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 767 shares in the last quarter. Finally, Gibbs Wealth Management boosted its stake in shares of Terreno Realty by 5.4% in the third quarter. Gibbs Wealth Management now owns 5,568 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 286 shares during the period.

Insider Activity

In other Terreno Realty news, President Michael Coke sold 8,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $68.38, for a total value of $547,040.00. Following the completion of the sale, the president directly owned 425,381 shares of the company’s stock, valued at approximately $29,087,552.78. This represents a 1.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Meyer sold 4,447 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $68.64, for a total transaction of $305,242.08. Following the transaction, the executive vice president owned 131,825 shares of the company’s stock, valued at approximately $9,048,468. This trade represents a 3.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on TRNO shares. BMO Capital Markets raised shares of Terreno Realty from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research report on Monday, October 12th. Wells Fargo & Company raised their price target on shares of Terreno Realty from $64.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. KeyCorp upped their target price on Terreno Realty from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Piper Sandler lowered their price target on shares of Terreno Realty from $91.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, Scotiabank boosted their price target on Terreno Realty from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.50.

Terreno Realty Stock Performance

Shares of NYSE TRNO opened at $65.51 on Monday. The stock has a fifty day moving average price of $65.61 and a two-hundred day moving average price of $65.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $7.14 billion, a P/E ratio of 17.56 and a beta of 1.03. Terreno Realty Corporation has a 1 year low of $56.09 and a 1 year high of $78.94.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. The company had revenue of $124.71 million for the quarter, compared to the consensus estimate of $127.15 million. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%. Research analysts forecast that Terreno Realty Corporation will post 2.84 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.5%. This is a boost from Terreno Realty’s previous quarterly dividend of $0.52. The ex-dividend date was Wednesday, September 30th. Terreno Realty’s dividend payout ratio (DPR) is presently 61.13%.

Terreno Realty Profile

Terreno Realty Corporation is a real estate investment trust that owns, operates, and invests in industrial properties. The company primarily targets functional, well-located properties serving distribution, logistics, and other industrial uses in densely populated coastal markets.

Terreno’s portfolio generally includes warehouse, transshipment, and industrial-flex properties, as well as improved land and other assets that support industrial operations. Its activities include acquiring properties, leasing available space to tenants, and managing, developing, and redeveloping properties to enhance their utility and value.

The company focuses on major U.S.