KBC Group NV Trims Stock Holdings in Terreno Realty Corporation $TRNO

KBC Group NV trimmed its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 26.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,023 shares of the real estate investment trust’s stock after selling 1,109 shares during the period. KBC Group NV’s holdings in Terreno Realty were worth $169,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings in Terreno Realty by 304.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 350 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Terreno Realty by 90.2% during the first quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 378 shares in the last quarter. CWM LLC increased its holdings in Terreno Realty by 26.5% in the 2nd quarter. CWM LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 245 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Terreno Realty in the 2nd quarter valued at $152,000. Finally, Mechanics Bank Trust Department purchased a new stake in Terreno Realty in the 2nd quarter worth $208,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lifted their target price on Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Citigroup lifted their price objective on Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. KeyCorp lowered their target price on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, August 21st. Wells Fargo & Company reduced their price target on shares of Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Finally, UBS Group set a $71.00 price objective on shares of Terreno Realty in a research report on Tuesday, October 21st. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Terreno Realty has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Insiders Place Their Bets

In related news, EVP John Tull Meyer sold 4,758 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $59.95, for a total value of $285,242.10. Following the sale, the executive vice president directly owned 119,949 shares of the company’s stock, valued at $7,190,942.55. This represents a 3.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is owned by company insiders.

Terreno Realty Stock Performance

NYSE TRNO opened at $59.54 on Thursday. The company has a market cap of $6.16 billion, a P/E ratio of 23.63, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.75. The business’s 50 day moving average price is $59.03 and its 200-day moving average price is $57.63. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $69.20.

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 the consensus estimate of $0.66 by $0.34. The company had revenue of $116.25 million for the quarter, compared to analyst estimates of $114.62 million. Terreno Realty had a return on equity of 6.71% and a net margin of 59.56%. Sell-side analysts predict that Terreno Realty Corporation will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Monday, December 15th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, December 15th. Terreno Realty’s dividend payout ratio is presently 66.03%.

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.