Diversify Wealth Management LLC Has $316,000 Stock Position in Terreno Realty Co. (NYSE:TRNO)

Diversify Wealth Management LLC boosted its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 14.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,959 shares of the real estate investment trust’s stock after buying an additional 625 shares during the quarter. Diversify Wealth Management LLC’s holdings in Terreno Realty were worth $316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sei Investments Co. raised its stake in Terreno Realty by 33.3% in the 1st quarter. Sei Investments Co. now owns 379,938 shares of the real estate investment trust’s stock valued at $25,228,000 after acquiring an additional 94,813 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Terreno Realty by 107.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,548 shares of the real estate investment trust’s stock worth $3,185,000 after buying an additional 25,683 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Terreno Realty by 10.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 133,856 shares of the real estate investment trust’s stock worth $8,888,000 after buying an additional 13,064 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Terreno Realty in the 1st quarter valued at about $3,450,000. Finally, Bessemer Group Inc. raised its holdings in Terreno Realty by 37.2% in the 1st quarter. Bessemer Group Inc. now owns 292,785 shares of the real estate investment trust’s stock valued at $19,441,000 after acquiring an additional 79,441 shares during the period.

Analysts Set New Price Targets

TRNO has been the subject of a number of research analyst reports. Scotiabank reduced their price objective on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. Wolfe Research upgraded Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Wells Fargo & Company cut shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $71.00 to $75.00 in a research report on Wednesday, August 28th. The Goldman Sachs Group raised their price target on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, JMP Securities boosted their price objective on shares of Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.22.

Insider Buying and Selling

In other Terreno Realty news, President Michael A. Coke sold 7,500 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the sale, the president now owns 402,164 shares of the company’s stock, valued at approximately $27,560,298.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.39, for a total transaction of $341,813.22. Following the sale, the chief financial officer now directly owns 101,927 shares of the company’s stock, valued at $6,970,787.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael A. Coke sold 7,500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the transaction, the president now directly owns 402,164 shares of the company’s stock, valued at $27,560,298.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,643 shares of company stock worth $1,277,581 in the last three months. 2.40% of the stock is owned by corporate insiders.

Terreno Realty Stock Performance

Shares of NYSE:TRNO opened at $59.90 on Friday. Terreno Realty Co. has a 1 year low of $53.23 and a 1 year high of $71.63. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 2.83 and a beta of 0.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. The company’s 50 day simple moving average is $66.16 and its 200 day simple moving average is $62.51.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The business had revenue of $94.25 million for the quarter, compared to analyst estimates of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. As a group, research analysts predict that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a $0.49 dividend. This is an increase from Terreno Realty’s previous quarterly dividend of $0.45. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Monday, September 30th. Terreno Realty’s dividend payout ratio (DPR) is presently 108.29%.

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.