Terreno Realty Corporation $TRNO Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. increased its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 15.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,089 shares of the real estate investment trust’s stock after acquiring an additional 535 shares during the period. D.A. Davidson & CO.’s holdings in Terreno Realty were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its holdings in Terreno Realty by 2.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,271,442 shares of the real estate investment trust’s stock worth $333,261,000 after acquiring an additional 125,940 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Terreno Realty by 14.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,158,754 shares of the real estate investment trust’s stock worth $262,918,000 after acquiring an additional 523,950 shares during the period. Invesco Ltd. boosted its position in Terreno Realty by 5.2% during the first quarter. Invesco Ltd. now owns 1,930,096 shares of the real estate investment trust’s stock worth $122,021,000 after purchasing an additional 95,714 shares in the last quarter. Northern Trust Corp grew its holdings in Terreno Realty by 2.7% in the first quarter. Northern Trust Corp now owns 1,895,115 shares of the real estate investment trust’s stock valued at $119,809,000 after purchasing an additional 49,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Terreno Realty by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,884,086 shares of the real estate investment trust’s stock valued at $119,112,000 after purchasing an additional 45,583 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on TRNO. Cantor Fitzgerald began coverage on Terreno Realty in a report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 target price on the stock. Wells Fargo & Company lowered their target price on Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. The Goldman Sachs Group upped their target price on Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Piper Sandler upped their target price on Terreno Realty from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Finally, KeyCorp lowered their target price on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.00.

Terreno Realty Stock Performance

NYSE TRNO opened at $57.17 on Friday. The business’s 50-day moving average price is $58.42 and its 200 day moving average price is $57.34. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $69.20. The company has a market capitalization of $5.91 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 2.51 and a beta of 1.04. 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 disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were issued a $0.52 dividend. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.49. The ex-dividend date was Monday, September 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. Terreno Realty’s dividend payout ratio (DPR) is 82.54%.

Insider Activity at Terreno Realty

In other 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 value of $539,600.00. Following the transaction, the president directly owned 412,415 shares in the company, valued at $22,253,913.40. This trade represents a 2.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by company insiders.

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.