Terreno Realty Corporation $TRNO Shares Sold by TD Asset Management Inc

TD Asset Management Inc reduced its stake in Terreno Realty Corporation (NYSE:TRNO) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,510 shares of the real estate investment trust’s stock after selling 1,066 shares during the period. TD Asset Management Inc owned 0.05% of Terreno Realty worth $3,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its holdings in shares of Terreno Realty by 304.3% during the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 350 shares during the last quarter. Jones Financial Companies Lllp raised its holdings 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. Blue Trust Inc. raised its holdings in shares of Terreno Realty by 143.6% during the first quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 655 shares during the last quarter. CWM LLC raised its holdings in shares of Terreno Realty by 26.5% during the second quarter. CWM LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 245 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Terreno Realty by 840.2% during the first quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 1,109 shares during the last quarter.

Analysts Set New Price Targets

TRNO has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target 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. Cantor Fitzgerald initiated coverage on Terreno Realty in a report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 price target on the stock. KeyCorp cut their price target on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terreno Realty in a report on Wednesday, October 8th. Finally, Barclays lifted their price target on Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $63.70.

Insider Buying and Selling

In related news, President Michael A. Coke sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $53.96, for a total transaction of $539,600.00. Following the sale, the president owned 412,415 shares of the company’s stock, valued at $22,253,913.40. The trade was a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by insiders.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $62.24 on Tuesday. Terreno Realty Corporation has a 12 month low of $48.18 and a 12 month high of $69.20. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.62 and a beta of 1.04. The stock’s 50 day moving average price is $57.52 and its 200 day moving average price is $56.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.75 and a quick ratio of 1.75.

Terreno Realty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was 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 yield of 3.3%. Terreno Realty’s dividend payout ratio is presently 82.54%.

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.