US Bancorp DE Has $1.22 Million Holdings in Terreno Realty Corporation $TRNO

US Bancorp DE lifted its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,697 shares of the real estate investment trust’s stock after purchasing an additional 371 shares during the quarter. US Bancorp DE’s holdings in Terreno Realty were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Cerity Partners LLC lifted its position in shares of 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 buying an additional 13,445 shares during the period. New York State Teachers Retirement System lifted its position in shares of 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 buying an additional 200 shares during the period. KBC Group NV lifted its position in shares of Terreno Realty by 12.8% during the 1st quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 470 shares during the period. SG Americas Securities LLC bought a new position in shares of Terreno Realty during the 1st quarter worth approximately $948,000. Finally, GAMMA Investing LLC lifted its position in shares of Terreno Realty by 840.2% during the 1st 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.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Terreno Realty in a research report on Wednesday, October 8th. Wells Fargo & Company cut 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 cut their target price on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, August 21st. Piper Sandler raised their target price on Terreno Realty from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Finally, The Goldman Sachs Group set a $64.00 target price on Terreno Realty and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $63.70.

Insider Activity at Terreno Realty

In other news, President Michael A. Coke sold 10,000 shares of Terreno Realty stock in a transaction on Thursday, August 14th. The stock was 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 approximately $22,253,913.40. This trade represents a 2.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.

Terreno Realty Trading Up 0.6%

Shares of TRNO opened at $59.88 on Friday. The stock has a fifty day moving average price of $57.19 and a two-hundred day moving average price of $57.01. 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 Corporation has a 52-week low of $48.18 and a 52-week high of $69.20. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.56 and a beta of 1.04.

Terreno Realty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were paid a $0.52 dividend. This is an increase from Terreno Realty’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.08 annualized dividend and a dividend yield of 3.5%. Terreno Realty’s payout ratio is 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.