Terreno Realty Co. (NYSE:TRNO) Short Interest Update

Terreno Realty Co. (NYSE:TRNOGet Rating) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 1,250,000 shares, a growth of 25.1% from the April 15th total of 999,300 shares. Based on an average daily volume of 369,300 shares, the days-to-cover ratio is currently 3.4 days.

In other news, CEO W Blake Baird purchased 1,000 shares of the company’s stock in a transaction on Monday, May 9th. The shares were purchased at an average cost of $64.00 per share, with a total value of $64,000.00. Following the completion of the transaction, the chief executive officer now owns 588,376 shares of the company’s stock, valued at approximately $37,656,064. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp grew its position in shares of Terreno Realty by 1.0% in the 1st quarter. Fifth Third Bancorp now owns 14,410 shares of the real estate investment trust’s stock valued at $1,067,000 after buying an additional 142 shares during the last quarter. Huntington National Bank raised its stake in Terreno Realty by 7.7% during the first quarter. Huntington National Bank now owns 2,332 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 166 shares during the last quarter. Xponance Inc. lifted its holdings in Terreno Realty by 6.9% in the fourth quarter. Xponance Inc. now owns 3,493 shares of the real estate investment trust’s stock valued at $298,000 after buying an additional 226 shares during the period. Assetmark Inc. boosted its position in Terreno Realty by 7.2% during the third quarter. Assetmark Inc. now owns 3,406 shares of the real estate investment trust’s stock valued at $215,000 after acquiring an additional 229 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of Terreno Realty by 8.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 3,207 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 248 shares in the last quarter.

Shares of TRNO opened at $60.38 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.43 and a current ratio of 2.43. Terreno Realty has a 52 week low of $60.04 and a 52 week high of $86.00. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 49.09 and a beta of 0.69. The stock has a fifty day moving average of $71.92 and a 200-day moving average of $74.31.

Terreno Realty (NYSE:TRNOGet Rating) last posted its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). Terreno Realty had a net margin of 38.53% and a return on equity of 4.79%. As a group, equities analysts forecast that Terreno Realty will post 1.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 30th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.36 dividend on an annualized basis and a yield of 2.25%. Terreno Realty’s payout ratio is 110.57%.

TRNO has been the topic of several research reports. JMP Securities initiated coverage on shares of Terreno Realty in a report on Wednesday. They issued an “outperform” rating and a $75.00 price objective on the stock. Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Wednesday, April 13th. Mizuho lowered their target price on shares of Terreno Realty from $76.00 to $64.00 and set a “na” rating on the stock in a report on Tuesday. Finally, StockNews.com began coverage on Terreno Realty in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $78.38.

About Terreno Realty (Get Rating)

Terreno Realty Corporation 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 condensed notes to the consolidated financial statements are unaudited.

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