Fifth Third Bancorp Has $360,000 Stock Position in Terreno Realty Corporation $TRNO

Fifth Third Bancorp grew its position in Terreno Realty Corporation (NYSE:TRNO) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,423 shares of the real estate investment trust’s stock after acquiring an additional 202 shares during the quarter. Fifth Third Bancorp’s holdings in Terreno Realty were worth $360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. raised its holdings in shares of Terreno Realty by 304.3% in the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 350 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Terreno Realty by 90.2% during the first quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 378 shares during the period. Blue Trust Inc. boosted its position in shares of 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 worth $70,000 after buying an additional 655 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 worth $78,000 after buying an additional 1,109 shares during the period. Finally, Archer Investment Corp bought a new stake in Terreno Realty during the first quarter worth about $160,000.

Insider Transactions at Terreno Realty

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 sale, the president directly owned 412,415 shares of the company’s stock, valued at $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 at this hyperlink. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Piper Sandler upped their target price on Terreno Realty from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. Wells Fargo & Company lowered their target price on 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. KeyCorp reduced their target price on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, August 21st. Barclays lifted their target price on shares of Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, September 15th. Finally, The Goldman Sachs Group set a $64.00 target price on shares of Terreno Realty and gave the company a “buy” rating in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.00.

Terreno Realty Stock Up 0.5%

TRNO opened at $56.76 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.41 and a beta of 1.06. The firm’s fifty day moving average is $56.67 and its 200 day moving average is $57.49. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $69.20.

Terreno Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a $0.52 dividend. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.08 annualized dividend and a yield of 3.7%. Terreno Realty’s dividend payout ratio is presently 82.54%.

Terreno Realty Company 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.