Amundi Purchases 4,785 Shares of Terreno Realty Corporation $TRNO

Amundi increased its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 9.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,495 shares of the real estate investment trust’s stock after acquiring an additional 4,785 shares during the quarter. Amundi owned about 0.05% of Terreno Realty worth $3,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its stake in Terreno Realty by 233.9% during the 1st quarter. Cerity Partners LLC now owns 19,194 shares of the real estate investment trust’s stock worth $1,213,000 after acquiring an additional 13,445 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Terreno Realty by 0.9% during the 1st quarter. New York State Teachers Retirement System now owns 22,900 shares of the real estate investment trust’s stock worth $1,448,000 after acquiring an additional 200 shares during the last quarter. KBC Group NV lifted its stake in Terreno Realty by 12.8% in the first quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 470 shares in the last quarter. SG Americas Securities LLC bought a new position in Terreno Realty in the first quarter valued at approximately $948,000. Finally, GAMMA Investing LLC lifted its stake in Terreno Realty by 840.2% in the first quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 1,109 shares in the last quarter.

Insider Activity 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 value of $539,600.00. Following the transaction, the president directly owned 412,415 shares in the company, valued at $22,253,913.40. The trade was a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company cut their price target on shares of Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. KeyCorp cut their price target on shares of Terreno Realty from $70.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, August 21st. Barclays cut their price target on shares of Terreno Realty from $57.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 27th. Wall Street Zen raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, May 20th. Finally, The Goldman Sachs Group set a $64.00 price target on shares of Terreno Realty and gave the company a “buy” rating in a research note on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.89.

Terreno Realty Price Performance

Shares of TRNO opened at $58.69 on Friday. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.44 and a beta of 1.06. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $70.10. The company’s fifty day simple moving average is $56.43 and its 200 day simple moving average is $58.40. 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 company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be issued a dividend of $0.52 per share. The ex-dividend date is Monday, September 29th. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a yield of 3.5%. 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.