Cetera Investment Advisers Buys 213 Shares of Terreno Realty Corporation $TRNO

Cetera Investment Advisers grew its stake in Terreno Realty Corporation (NYSE:TRNO) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,448 shares of the real estate investment trust’s stock after acquiring an additional 213 shares during the period. Cetera Investment Advisers’ holdings in Terreno Realty were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Cerity Partners LLC raised its stake in shares of Terreno Realty by 233.9% during the first quarter. Cerity Partners LLC now owns 19,194 shares of the real estate investment trust’s stock worth $1,213,000 after buying an additional 13,445 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Terreno Realty by 0.9% during the first quarter. New York State Teachers Retirement System now owns 22,900 shares of the real estate investment trust’s stock valued at $1,448,000 after purchasing an additional 200 shares during the period. KBC Group NV grew its holdings in Terreno Realty by 12.8% during the first quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 470 shares during the period. SG Americas Securities LLC acquired a new position in Terreno Realty during the first quarter valued at approximately $948,000. Finally, GAMMA Investing LLC grew its holdings in Terreno Realty by 840.2% during the first quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 1,109 shares during the period.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $55.6430 on Thursday. The company’s fifty day simple moving average is $56.41 and its 200-day simple moving average is $59.42. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.75 billion, a PE ratio of 22.08, a P/E/G ratio of 2.37 and a beta of 1.02. Terreno Realty Corporation has a 12 month low of $48.18 and a 12 month high of $71.63.

Terreno Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be given a $0.52 dividend. This is a boost from Terreno Realty’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, September 29th. Terreno Realty’s payout ratio is presently 77.78%.

Insider Transactions at Terreno Realty

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $53.96, for a total transaction of $539,600.00. Following the sale, the president directly owned 412,415 shares of the company’s stock, valued at approximately $22,253,913.40. This represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TRNO. The Goldman Sachs Group set a $64.00 price objective on shares of Terreno Realty and gave the company a “buy” rating in a report on Tuesday, August 12th. Barclays decreased their price objective on shares of Terreno Realty from $57.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, May 27th. Wall Street Zen upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a report on Tuesday, May 20th. Finally, Wells Fargo & Company set a $72.00 price target on shares of Terreno Realty in a report on Sunday, July 13th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty presently has an average rating of “Hold” and a consensus price target of $64.00.

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.