Allspring Global Investments Holdings LLC Has $29.95 Million Position in Terreno Realty Corporation $TRNO

Allspring Global Investments Holdings LLC lifted its stake in Terreno Realty Corporation (NYSE:TRNO) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 529,533 shares of the real estate investment trust’s stock after purchasing an additional 18,118 shares during the period. Allspring Global Investments Holdings LLC owned 0.51% of Terreno Realty worth $29,945,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CWM LLC boosted its stake in Terreno Realty by 26.5% in the second quarter. CWM LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 245 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in Terreno Realty in the second quarter valued at approximately $466,000. Lincluden Management Ltd. boosted its stake in Terreno Realty by 47.8% in the second quarter. Lincluden Management Ltd. now owns 41,251 shares of the real estate investment trust’s stock valued at $2,313,000 after acquiring an additional 13,332 shares during the last quarter. US Bancorp DE boosted its stake in Terreno Realty by 1.7% in the second quarter. US Bancorp DE now owns 21,697 shares of the real estate investment trust’s stock valued at $1,217,000 after acquiring an additional 371 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in Terreno Realty by 4.2% in the second quarter. Maryland State Retirement & Pension System now owns 30,365 shares of the real estate investment trust’s stock valued at $1,703,000 after acquiring an additional 1,216 shares during the last quarter.

Terreno Realty Trading Up 4.1%

TRNO opened at $59.66 on Thursday. The stock has a market capitalization of $6.16 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.46 and a beta of 1.04. Terreno Realty Corporation has a 12 month low of $48.18 and a 12 month high of $69.20. The firm’s fifty day simple moving average is $57.08 and its 200 day simple moving average is $57.03. 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 firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were given a dividend of $0.52 per share. This is a boost 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 yield of 3.5%. Terreno Realty’s payout ratio is presently 82.54%.

Insider Buying and Selling

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 transaction of $539,600.00. Following 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 sale was disclosed in a filing with the SEC, which is available through this link. 2.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TRNO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terreno Realty in a research note on Wednesday, October 8th. Piper Sandler lifted their price target on shares of Terreno Realty from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. KeyCorp reduced their price target on shares of Terreno Realty from $70.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, August 21st. The Goldman Sachs Group set a $64.00 price target on shares of Terreno Realty and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Finally, Barclays lifted their price target 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. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $63.70.

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.