Rhumbline Advisers Acquires 23,709 Shares of Terreno Realty Corporation $TRNO

Rhumbline Advisers boosted its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 353,968 shares of the real estate investment trust’s stock after purchasing an additional 23,709 shares during the quarter. Rhumbline Advisers’ holdings in Terreno Realty were worth $19,847,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TRNO. Cetera Investment Advisers raised its position in shares of Terreno Realty by 5.0% during the first quarter. Cetera Investment Advisers now owns 4,448 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 213 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Terreno Realty by 0.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,057 shares of the real estate investment trust’s stock valued at $4,050,000 after acquiring an additional 250 shares in the last quarter. Federated Hermes Inc. grew its stake in Terreno Realty by 1,260.5% during the first quarter. Federated Hermes Inc. now owns 4,000 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 3,706 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Terreno Realty by 271.4% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 4,772 shares of the real estate investment trust’s stock valued at $301,000 after acquiring an additional 3,487 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in Terreno Realty by 53.3% in the 1st quarter. Natixis Advisors LLC now owns 20,459 shares of the real estate investment trust’s stock worth $1,293,000 after purchasing an additional 7,112 shares in the last quarter.

Analyst Ratings Changes

TRNO has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on Terreno Realty from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday. Barclays increased their price target on Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a research note on Monday, September 15th. UBS Group set a $71.00 price objective on Terreno Realty in a research note on Tuesday, October 21st. KeyCorp decreased their price objective on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, August 21st. Finally, The Goldman Sachs Group increased their target price on Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.25.

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 $62.97 on Friday. The business’s 50 day moving average price is $59.47 and its 200-day moving average price is $57.85. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $69.20. The company has a market cap of $6.51 billion, a P/E ratio of 24.99, 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.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate of $0.66 by $0.34. Terreno Realty had a net margin of 59.56% and a return on equity of 6.71%. The company had revenue of $116.25 million during the quarter, compared to analyst estimates of $114.62 million. 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 3.3%. The ex-dividend date is Monday, December 15th. Terreno Realty’s dividend payout ratio is presently 66.03%.

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.