Campbell & CO Investment Adviser LLC Lowers Stock Holdings in Terreno Realty Corporation $TRNO

Campbell & CO Investment Adviser LLC lowered its stake in Terreno Realty Corporation (NYSE:TRNO) by 21.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,630 shares of the real estate investment trust’s stock after selling 3,620 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Terreno Realty were worth $764,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TRNO. Connor Clark & Lunn Investment Management Ltd. grew its position in Terreno Realty by 88.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,268 shares of the real estate investment trust’s stock valued at $1,753,000 after buying an additional 14,664 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Terreno Realty by 6.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 74,499 shares of the real estate investment trust’s stock worth $4,177,000 after acquiring an additional 4,714 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Terreno Realty by 35.3% in the second quarter. Metis Global Partners LLC now owns 17,098 shares of the real estate investment trust’s stock valued at $959,000 after acquiring an additional 4,459 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Terreno Realty by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 858,975 shares of the real estate investment trust’s stock valued at $48,163,000 after acquiring an additional 32,226 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Terreno Realty by 1.8% during the second quarter. Bank of Montreal Can now owns 21,428 shares of the real estate investment trust’s stock worth $1,201,000 after acquiring an additional 380 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TRNO. Barclays raised their price objective on shares of Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a research report on Monday, September 15th. 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 note on Wednesday, August 27th. KeyCorp decreased their price target on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, August 21st. Citigroup upped their price objective on Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Terreno Realty in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Terreno Realty has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Insiders Place Their Bets

In other Terreno Realty news, EVP John Tull Meyer sold 4,758 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $59.95, for a total transaction of $285,242.10. Following the completion of the transaction, the executive vice president directly owned 119,949 shares in the company, valued at approximately $7,190,942.55. This trade represents a 3.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

Terreno Realty Stock Performance

TRNO opened at $61.14 on Friday. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $69.20. The stock has a market cap of $6.32 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.51 and a beta of 1.07. The stock’s 50 day simple moving average is $58.87 and its 200 day simple moving average is $57.53. 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 (NYSE:TRNO) last posted its earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.34. The company had revenue of $116.25 million for the quarter, compared to the consensus estimate of $114.62 million. Terreno Realty had a return on equity of 6.71% and a net margin of 59.56%. As a group, equities analysts anticipate that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Monday, December 15th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, December 15th. Terreno Realty’s dividend payout ratio is presently 66.03%.

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.