Terreno Realty Corporation $TRNO Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 3.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,079 shares of the real estate investment trust’s stock after acquiring an additional 208 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Terreno Realty were worth $347,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Norinchukin Bank The raised its position in shares of Terreno Realty by 4.5% in the 1st quarter. Norinchukin Bank The now owns 4,606 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 197 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Terreno Realty by 0.9% in the 1st 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 in the last quarter. Alliance Wealth Advisors LLC UT raised its position in shares of Terreno Realty by 2.2% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 9,297 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 200 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Terreno Realty by 5.0% in the 1st quarter. Cetera Investment Advisers now owns 4,448 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 213 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Terreno Realty by 0.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,057 shares of the real estate investment trust’s stock valued at $4,050,000 after purchasing an additional 250 shares in the last quarter.

Insiders Place Their Bets

In related news, President Michael A. Coke sold 10,000 shares of the firm’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 owned 412,415 shares of the company’s stock, valued at $22,253,913.40. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TRNO shares. 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. KeyCorp cut their target price on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, August 21st. Cantor Fitzgerald started coverage on Terreno Realty in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 target price on the stock. Wells Fargo & Company dropped their price target on Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Finally, Barclays upped their price target on Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a research report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Terreno Realty has a consensus rating of “Hold” and an average target price of $63.70.

Terreno Realty Trading Down 0.1%

NYSE:TRNO opened at $58.31 on Wednesday. Terreno Realty Corporation has a 1 year low of $48.18 and a 1 year high of $69.20. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 2.49 and a beta of 1.04. The business has a fifty day moving average of $56.77 and a 200-day moving average of $57.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.75.

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 paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, September 29th. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a dividend yield of 3.6%. Terreno Realty’s dividend payout ratio (DPR) is currently 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.