Terreno Realty Co. (NYSE:TRNO) President Sells $513,975.00 in Stock

Terreno Realty Co. (NYSE:TRNO) President Michael A. Coke sold 7,500 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the completion of the transaction, the president now directly owns 402,164 shares in the company, valued at $27,560,298.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Terreno Realty Stock Performance

NYSE TRNO opened at $67.75 on Friday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 3.30 and a beta of 0.89. The firm’s 50 day simple moving average is $63.27 and its 200 day simple moving average is $61.19. Terreno Realty Co. has a 1 year low of $50.42 and a 1 year high of $69.74.

Terreno Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be given a dividend of $0.49 per share. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.96 annualized dividend and a dividend yield of 2.89%. Terreno Realty’s dividend payout ratio (DPR) is currently 102.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TRNO. The Goldman Sachs Group increased their target price on Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday. JMP Securities boosted their target price 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. StockNews.com raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a research report on Tuesday. Scotiabank cut their price objective on shares of Terreno Realty from $66.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, May 16th. Finally, BNP Paribas began coverage on shares of Terreno Realty in a research report on Tuesday, June 4th. They issued an “outperform” rating and a $68.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Terreno Realty has a consensus rating of “Moderate Buy” and a consensus target price of $66.44.

Institutional Trading of Terreno Realty

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Terreno Realty by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust’s stock worth $861,988,000 after acquiring an additional 919,851 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Terreno Realty by 16.4% during the 1st quarter. Principal Financial Group Inc. now owns 5,155,458 shares of the real estate investment trust’s stock worth $342,322,000 after acquiring an additional 727,995 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Terreno Realty by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust’s stock valued at $276,381,000 after purchasing an additional 291,051 shares during the last quarter. American Century Companies Inc. lifted its stake in Terreno Realty by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust’s stock valued at $127,287,000 after purchasing an additional 146,808 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Terreno Realty by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust’s stock valued at $81,862,000 after purchasing an additional 103,833 shares during the last quarter.

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.