Terreno Realty Corporation $TRNO Stock Holdings Lessened by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 18.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,885 shares of the real estate investment trust’s stock after selling 17,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Terreno Realty were worth $4,834,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd raised its holdings in Terreno Realty by 15.2% during the 3rd quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 73,130 shares of the real estate investment trust’s stock worth $4,721,000 after buying an additional 9,631 shares during the period. Moody Aldrich Partners LLC boosted its holdings in shares of Terreno Realty by 39.7% in the third quarter. Moody Aldrich Partners LLC now owns 138,027 shares of the real estate investment trust’s stock worth $8,910,000 after buying an additional 39,231 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Terreno Realty by 6.4% in the third quarter. Asset Management One Co. Ltd. now owns 182,415 shares of the real estate investment trust’s stock worth $11,775,000 after buying an additional 11,047 shares during the period. Signaturefd LLC increased its position in shares of Terreno Realty by 164.2% in the third quarter. Signaturefd LLC now owns 1,234 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 767 shares in the last quarter. Finally, Gibbs Wealth Management raised its holdings in shares of Terreno Realty by 5.4% during the third quarter. Gibbs Wealth Management now owns 5,568 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 286 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Mizuho upped their price target on shares of Terreno Realty from $56.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group lifted their price objective on shares of Terreno Realty from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Royal Bank Of Canada set a $73.00 target price on shares of Terreno Realty in a research note on Wednesday, October 7th. UBS Group set a $74.00 target price on Terreno Realty in a report on Monday, September 21st. Finally, Piper Sandler decreased their target price on Terreno Realty from $91.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.

Terreno Realty Stock Down 0.1%

Terreno Realty stock opened at $65.51 on Monday. Terreno Realty Corporation has a twelve month low of $56.09 and a twelve month high of $78.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $7.14 billion, a PE ratio of 17.56 and a beta of 1.03. The firm’s 50 day moving average price is $65.61 and its two-hundred day moving average price is $65.75.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. The business had revenue of $124.71 million for the quarter, compared to analysts’ expectations of $127.15 million. On average, research analysts predict that Terreno Realty Corporation will post 2.84 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.5%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.52. The ex-dividend date was Wednesday, September 30th. Terreno Realty’s dividend payout ratio is presently 61.13%.

Insider Transactions at Terreno Realty

In related news, President Michael A. Coke sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $68.38, for a total value of $547,040.00. Following the completion of the sale, the president owned 425,381 shares of the company’s stock, valued at approximately $29,087,552.78. The trade was a 1.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John Meyer sold 4,447 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $68.64, for a total value of $305,242.08. Following the completion of the transaction, the executive vice president owned 131,825 shares in the company, valued at $9,048,468. This represents a 3.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.90% of the company’s stock.

Terreno Realty Company Profile

Terreno Realty Corporation is a real estate investment trust that owns, operates, and invests in industrial properties. The company primarily targets functional, well-located properties serving distribution, logistics, and other industrial uses in densely populated coastal markets.

Terreno’s portfolio generally includes warehouse, transshipment, and industrial-flex properties, as well as improved land and other assets that support industrial operations. Its activities include acquiring properties, leasing available space to tenants, and managing, developing, and redeveloping properties to enhance their utility and value.

The company focuses on major U.S.