Boston Family Office LLC Makes New $248,000 Investment in Terreno Realty Corporation $TRNO

Boston Family Office LLC purchased a new position in shares of Terreno Realty Corporation (NYSE:TRNO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,415 shares of the real estate investment trust’s stock, valued at approximately $248,000.

A number of other hedge funds have also recently made changes to their positions in TRNO. Geneos Wealth Management Inc. grew its holdings in shares of Terreno Realty by 304.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 350 shares during the last quarter. Jones Financial Companies Lllp grew its stake 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 valued at $50,000 after buying an additional 378 shares during the last quarter. CWM LLC increased its holdings in shares of Terreno Realty by 26.5% in the second quarter. CWM LLC now owns 1,171 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 245 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Terreno Realty in the second quarter worth about $152,000. Finally, Virtus Investment Advisers LLC lifted its stake in shares of Terreno Realty by 16.9% in the 2nd quarter. Virtus Investment Advisers LLC now owns 2,970 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 429 shares during the last quarter.

Terreno Realty Stock Performance

NYSE:TRNO opened at $62.80 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $59.63 and its 200 day simple moving average is $57.91. The stock has a market cap of $6.49 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $69.20.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate of $0.66 by $0.34. Terreno Realty had a net margin of 59.56% and a return on equity of 6.71%. The firm had revenue of $116.25 million during the quarter, compared to analysts’ expectations of $114.62 million. As a group, research analysts predict that Terreno Realty Corporation will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Monday, December 15th will be given a $0.52 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. Terreno Realty’s dividend payout ratio is currently 66.03%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Cantor Fitzgerald started coverage on Terreno Realty in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price target on the stock. The Goldman Sachs Group lifted their target price on shares of Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. UBS Group set a $71.00 price target on shares of Terreno Realty in a report on Tuesday, October 21st. Barclays raised their price target on shares of Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Terreno Realty in a research note on Wednesday, November 26th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Terreno Realty currently has an average rating of “Moderate Buy” and a consensus price target of $67.25.

Insider Activity at Terreno Realty

In other news, EVP John Tull Meyer sold 4,758 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $59.95, for a total value of $285,242.10. Following the completion of the transaction, the executive vice president owned 119,949 shares in the company, valued at $7,190,942.55. This trade represents a 3.82% 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 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.