Victory Capital Management Inc. Raises Holdings in Terreno Realty Co. (NYSE:TRNO)

Victory Capital Management Inc. raised its stake in Terreno Realty Co. (NYSE:TRNO) by 19.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 46,601 shares of the real estate investment trust’s stock after purchasing an additional 7,441 shares during the quarter. Victory Capital Management Inc.’s holdings in Terreno Realty were worth $2,758,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TRNO. Mather Group LLC. purchased a new position in shares of Terreno Realty during the first quarter valued at approximately $31,000. Whittier Trust Co. increased its position in Terreno Realty by 123.4% during the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 337 shares during the period. EntryPoint Capital LLC raised its holdings in Terreno Realty by 80.3% in the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 419 shares in the last quarter. CWM LLC lifted its position in shares of Terreno Realty by 58.2% in the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 438 shares during the period. Finally, Principal Securities Inc. purchased a new position in shares of Terreno Realty during the fourth quarter valued at about $76,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TRNO shares. Mizuho restated an “underperform” rating and issued a $62.00 target price on shares of Terreno Realty in a research note on Thursday, September 5th. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th. Wedbush reaffirmed a “neutral” rating and issued a $70.00 target price (up from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. JMP Securities lifted their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 13th. Finally, Scotiabank upped their price objective on shares of Terreno Realty from $59.00 to $70.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $69.56.

Terreno Realty Stock Down 0.5 %

Shares of Terreno Realty stock opened at $69.19 on Wednesday. The company has a 50-day simple moving average of $67.92 and a two-hundred day simple moving average of $62.25. The stock has a market capitalization of $6.69 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 3.15 and a beta of 0.90. Terreno Realty Co. has a 52-week low of $50.42 and a 52-week high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34.

Terreno Realty (NYSE:TRNO) last announced 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 firm had revenue of $94.25 million during the quarter, compared to analysts’ expectations of $89.07 million. On average, analysts anticipate that Terreno Realty Co. will post 2.42 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.49 per share. 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 2.83%. The ex-dividend date of this dividend is Monday, September 30th. Terreno Realty’s dividend payout ratio is presently 102.08%.

Insider Activity at Terreno Realty

In other Terreno Realty news, President Michael A. Coke sold 7,500 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.53, for a total value of $513,975.00. Following the completion of the transaction, the president now owns 402,164 shares of the company’s stock, valued at approximately $27,560,298.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Terreno Realty news, EVP John Tull Meyer sold 6,145 shares of Terreno Realty stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.64, for a total value of $421,792.80. Following the completion of the sale, the executive vice president now owns 110,988 shares of the company’s stock, valued at approximately $7,618,216.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 $27,560,298.92. The disclosure for this sale can be found here. Insiders have sold 18,643 shares of company stock valued at $1,277,581 over the last ninety days. Insiders own 2.40% of the company’s stock.

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.