Emerald Mutual Fund Advisers Trust Reduces Holdings in Terreno Realty Co. (NYSE:TRNO)

Emerald Mutual Fund Advisers Trust decreased its position in shares of Terreno Realty Co. (NYSE:TRNO) by 13.6% during the third quarter, HoldingsChannel reports. The fund owned 150,049 shares of the real estate investment trust’s stock after selling 23,551 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Terreno Realty were worth $10,028,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Terreno Realty news, President Michael A. Coke sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.53, for a total value of $513,975.00. Following the completion of the sale, the president now directly owns 402,164 shares in the company, valued at $27,560,298.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP John Tull Meyer sold 6,145 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.64, for a total transaction of $421,792.80. Following the transaction, the executive vice president now owns 110,988 shares in the company, valued at $7,618,216.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Michael A. Coke sold 7,500 shares of Terreno Realty stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $68.53, for a total transaction of $513,975.00. Following the completion of the sale, the president now owns 402,164 shares of the company’s stock, valued at $27,560,298.92. This trade represents a 0.00 % decrease in their ownership of the stock. 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 90 days. 2.40% of the stock is owned by corporate insiders.

Terreno Realty Stock Down 0.1 %

Terreno Realty stock opened at $59.90 on Friday. Terreno Realty Co. has a twelve month low of $53.23 and a twelve month high of $71.63. The business has a fifty day moving average of $66.16 and a two-hundred day moving average of $62.54. The firm has a market cap of $5.80 billion, a P/E ratio of 33.09, a P/E/G ratio of 2.77 and a beta of 0.90. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. The company had revenue of $94.25 million for the quarter, compared to analysts’ expectations of $89.07 million. On average, analysts forecast that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Increases Dividend

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

Analysts Set New Price Targets

TRNO has been the subject of a number of recent analyst reports. Scotiabank dropped 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. Barclays lowered their target price on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Mizuho reaffirmed an “underperform” rating and issued a $62.00 price target on shares of Terreno Realty in a research note on Thursday, September 5th. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Finally, JMP Securities raised their target price on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Terreno Realty has a consensus rating of “Hold” and an average target price of $69.22.

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.