Raymond James Financial Inc. Has $20.94 Million Position in Terreno Realty Corporation $TRNO

Raymond James Financial Inc. trimmed its holdings in Terreno Realty Corporation (NYSE:TRNO) by 1.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 331,173 shares of the real estate investment trust’s stock after selling 3,490 shares during the quarter. Raymond James Financial Inc. owned about 0.32% of Terreno Realty worth $20,937,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TRNO. Nuveen LLC bought a new position in shares of Terreno Realty in the first quarter valued at about $83,095,000. Deutsche Bank AG raised its holdings in shares of Terreno Realty by 287.6% in the fourth quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust’s stock valued at $91,454,000 after buying an additional 1,147,404 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Terreno Realty by 51.6% in the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust’s stock valued at $109,150,000 after buying an additional 628,065 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of Terreno Realty in the fourth quarter valued at about $25,805,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Terreno Realty by 269.2% in the fourth quarter. Ameriprise Financial Inc. now owns 293,038 shares of the real estate investment trust’s stock valued at $17,331,000 after buying an additional 213,676 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays cut their price target on Terreno Realty from $57.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, May 27th. KeyCorp dropped their price objective on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, August 21st. Wells Fargo & Company set a $72.00 price objective on Terreno Realty in a report on Sunday, July 13th. Wall Street Zen raised Terreno Realty from a “sell” rating to a “hold” rating in a report on Tuesday, May 20th. Finally, The Goldman Sachs Group set a $64.00 price objective on Terreno Realty and gave the stock a “buy” rating in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.00.

Insider Activity

In other news, President Michael A. Coke sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $53.96, for a total transaction of $539,600.00. Following the completion of the transaction, the president directly owned 412,415 shares in the company, valued at approximately $22,253,913.40. The trade was a 2.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Terreno Realty Price Performance

Terreno Realty stock opened at $57.18 on Wednesday. The firm has a market capitalization of $5.91 billion, a P/E ratio of 22.69, a PEG ratio of 2.46 and a beta of 1.02. Terreno Realty Corporation has a 1 year low of $48.18 and a 1 year high of $70.36. The business has a 50-day moving average of $56.29 and a 200-day moving average of $59.10. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20.

Terreno Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, September 29th. This is an increase from Terreno Realty’s previous quarterly dividend of $0.49. Terreno Realty’s dividend payout ratio is presently 77.78%.

About Terreno Realty

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.