Baird Financial Group Inc. Sells 696 Shares of Terreno Realty Corporation $TRNO

Baird Financial Group Inc. trimmed its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,992 shares of the real estate investment trust’s stock after selling 696 shares during the period. Baird Financial Group Inc.’s holdings in Terreno Realty were worth $821,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TRNO. Blue Trust Inc. grew its stake in Terreno Realty by 143.6% during the first quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 655 shares in the last quarter. GAMMA Investing LLC grew its stake 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 acquiring an additional 1,109 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Terreno Realty during the fourth quarter valued at $104,000. Archer Investment Corp purchased a new position in Terreno Realty during the first quarter valued at $160,000. Finally, Portside Wealth Group LLC purchased a new position in Terreno Realty during the first quarter valued at $202,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TRNO shares. The Goldman Sachs Group set a $64.00 price objective on shares of Terreno Realty and gave the company a “buy” rating in a research report on Tuesday, August 12th. KeyCorp lowered their price objective on shares of Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, August 21st. Wells Fargo & Company lowered their price objective on shares of Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Barclays lowered 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 research report on Tuesday, May 27th. Finally, Wall Street Zen upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, May 20th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.89.

Insider Buying and Selling

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $53.96, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Terreno Realty Trading Down 1.9%

NYSE TRNO opened at $57.65 on Wednesday. The company’s 50-day moving average price is $56.38 and its 200-day moving average price is $58.47. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.96 billion, a PE ratio of 22.88, a PEG ratio of 2.50 and a beta of 1.06. Terreno Realty Corporation has a 12 month low of $48.18 and a 12 month high of $70.10.

Terreno Realty Increases Dividend

The firm also recently declared 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 represents a $2.08 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, September 29th. This is a boost from Terreno Realty’s previous quarterly dividend of $0.49. Terreno Realty’s dividend payout ratio is currently 77.78%.

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.