Waratah Capital Advisors Ltd. Trims Holdings in Terreno Realty Co. (NYSE:TRNO)

Waratah Capital Advisors Ltd. lessened its holdings in shares of Terreno Realty Co. (NYSE:TRNOGet Rating) by 31.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,539 shares of the real estate investment trust’s stock after selling 104,595 shares during the period. Waratah Capital Advisors Ltd. owned about 0.30% of Terreno Realty worth $16,775,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in Terreno Realty by 1.0% during the 1st quarter. Fifth Third Bancorp now owns 14,410 shares of the real estate investment trust’s stock valued at $1,067,000 after purchasing an additional 142 shares during the period. Xponance Inc. grew its holdings in shares of Terreno Realty by 6.9% during the 4th quarter. Xponance Inc. now owns 3,493 shares of the real estate investment trust’s stock worth $298,000 after acquiring an additional 226 shares during the period. Advisor Group Holdings Inc. grew its holdings in shares of Terreno Realty by 6.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,948 shares of the real estate investment trust’s stock worth $320,000 after acquiring an additional 253 shares during the period. HHM Wealth Advisors LLC purchased a new position in shares of Terreno Realty during the 1st quarter worth approximately $28,000. Finally, USA Financial Portformulas Corp purchased a new position in shares of Terreno Realty during the 4th quarter worth approximately $39,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on TRNO shares. KeyCorp reduced their target price on Terreno Realty from $86.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, June 28th. The Goldman Sachs Group reduced their target price on Terreno Realty from $79.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, June 16th. Mizuho cut their price target on Terreno Realty from $76.00 to $64.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. TheStreet downgraded Terreno Realty from a “b” rating to a “c+” rating in a research note on Thursday, May 19th. Finally, JMP Securities assumed coverage on Terreno Realty in a research note on Wednesday, May 18th. They issued an “outperform” rating and a $75.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.33.

Terreno Realty Stock Up 1.6 %

TRNO stock traded up $0.99 during midday trading on Friday, hitting $62.89. The company’s stock had a trading volume of 445,784 shares, compared to its average volume of 356,681. The company has a market cap of $4.75 billion, a PE ratio of 27.58 and a beta of 0.75. Terreno Realty Co. has a 12 month low of $54.51 and a 12 month high of $86.00. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average is $58.55 and its 200-day moving average is $66.44.

Terreno Realty (NYSE:TRNOGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.20). The business had revenue of $64.04 million during the quarter, compared to the consensus estimate of $62.16 million. Terreno Realty had a net margin of 68.67% and a return on equity of 8.69%. On average, equities research analysts forecast that Terreno Realty Co. will post 1.93 earnings per share for the current fiscal year.

Terreno Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This is a boost from Terreno Realty’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 2.54%. Terreno Realty’s dividend payout ratio is 59.65%.

Insider Activity at Terreno Realty

In other Terreno Realty news, CEO W Blake Baird acquired 1,000 shares of the stock in a transaction that occurred on Monday, May 9th. The shares were acquired at an average cost of $64.00 per share, with a total value of $64,000.00. Following the transaction, the chief executive officer now owns 588,376 shares of the company’s stock, valued at approximately $37,656,064. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by insiders.

About Terreno Realty

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Terreno Realty Corporation 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 condensed notes to the consolidated financial statements are unaudited.

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Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

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