Terreno Realty (NYSE:TRNO) President Sells $547,040.00 in Stock

Terreno Realty Corporation (NYSE:TRNO) President Michael Coke sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $68.38, for a total value of $547,040.00. Following the sale, the president directly owned 425,381 shares in the company, valued at approximately $29,087,552.78. The trade was a 1.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Terreno Realty Price Performance

NYSE TRNO traded down $0.51 on Monday, reaching $68.25. 680,568 shares of the stock traded hands, compared to its average volume of 773,818. Terreno Realty Corporation has a 12 month low of $53.00 and a 12 month high of $78.94. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 18.30 and a beta of 1.03. The firm’s fifty day simple moving average is $68.33 and its 200 day simple moving average is $65.74. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.22.

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%. As a group, research analysts predict that Terreno Realty Corporation will post 2.82 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This is an increase from Terreno Realty’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a yield of 3.3%. Terreno Realty’s dividend payout ratio is presently 55.76%.

Institutional Trading of Terreno Realty

Several institutional investors have recently made changes to their positions in TRNO. Jones Financial Companies Lllp lifted its position in 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 buying an additional 378 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of 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 acquiring an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Terreno Realty by 73.3% in the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 189 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Terreno Realty by 78.9% in the second quarter. First Trust Advisors LP now owns 52,473 shares of the real estate investment trust’s stock worth $2,942,000 after acquiring an additional 23,135 shares during the last quarter. Finally, Amundi increased its stake in shares of Terreno Realty by 18.6% in the second quarter. Amundi now owns 67,020 shares of the real estate investment trust’s stock worth $3,799,000 after acquiring an additional 10,525 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Terreno Realty from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 24th. Scotiabank dropped their target price on shares of Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. Robert W. Baird set a $69.00 target price on shares of Terreno Realty in a report on Friday, May 8th. Raymond James Financial assumed coverage on shares of Terreno Realty in a research note on Wednesday, June 17th. They set an “underperform” rating for the company. Finally, Wells Fargo & Company decreased their price target on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.93.

Terreno Realty Company Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.