Terreno Realty Corporation $TRNO Shares Purchased by MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd boosted its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 15.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,130 shares of the real estate investment trust’s stock after purchasing an additional 9,631 shares during the period. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s holdings in Terreno Realty were worth $4,721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Terreno Realty by 57.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 438 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 159 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Terreno Realty by 0.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,863 shares of the real estate investment trust’s stock valued at $1,466,000 after purchasing an additional 200 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Terreno Realty by 0.8% in the third quarter. Yousif Capital Management LLC now owns 28,704 shares of the real estate investment trust’s stock valued at $1,853,000 after purchasing an additional 216 shares in the last quarter. Cim Investment Management Inc. lifted its holdings in shares of Terreno Realty by 7.4% in the second quarter. Cim Investment Management Inc. now owns 3,565 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 246 shares in the last quarter. Finally, Gibbs Wealth Management lifted its holdings 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 in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRNO. UBS Group set a $74.00 target price on Terreno Realty in a research report on Monday, September 21st. Citigroup reissued a “market outperform” rating on shares of Terreno Realty in a research report on Wednesday, October 7th. KeyCorp upped their price target on Terreno Realty from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Mizuho increased their price objective on Terreno Realty from $56.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada set a $73.00 price objective on Terreno Realty in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Terreno Realty currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.47.

Insiders Place Their Bets

In other news, EVP John Meyer sold 4,447 shares of the business’s stock in a transaction on 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 directly owned 131,825 shares in the company, valued at $9,048,468. The trade was a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael Coke sold 8,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $68.38, for a total transaction of $547,040.00. Following the transaction, the president owned 425,381 shares in the company, valued at approximately $29,087,552.78. This represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

Terreno Realty Stock Performance

TRNO stock opened at $63.64 on Thursday. The firm has a 50 day simple moving average of $65.72 and a 200 day simple moving average of $65.69. Terreno Realty Corporation has a 52 week low of $56.09 and a 52 week high of $78.94. The stock has a market cap of $6.94 billion, a P/E ratio of 17.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43.

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

Terreno Realty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.57 per share. This is an increase from Terreno Realty’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.6%. Terreno Realty’s dividend payout ratio (DPR) is 61.13%.

Terreno Realty Company 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.