Emerald Advisers LLC Has $12.33 Million Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Emerald Advisers LLC reduced its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208,338 shares of the real estate investment trust’s stock after selling 9,035 shares during the quarter. Emerald Advisers LLC’s holdings in Terreno Realty were worth $12,329,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TRNO. Mather Group LLC. bought a new position in Terreno Realty in the first quarter valued at approximately $31,000. Whittier Trust Co. increased its stake in shares of Terreno Realty by 123.4% in 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 last quarter. EntryPoint Capital LLC raised its holdings in shares of Terreno Realty by 80.3% during the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 419 shares in the last quarter. CWM LLC raised its stake in Terreno Realty by 58.2% during the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 438 shares in the last quarter. Finally, Principal Securities Inc. acquired a new position in Terreno Realty during the 4th quarter worth approximately $76,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their price target on Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Mizuho reiterated an “underperform” rating and issued a $62.00 target price on shares of Terreno Realty in a research report on Thursday. BNP Paribas began coverage on Terreno Realty in a report on Tuesday, June 4th. They set an “outperform” rating and a $68.00 price target on the stock. JMP Securities upped their price objective on Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 13th. Finally, Scotiabank lifted their target price on shares of Terreno Realty from $59.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.56.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $68.58 on Friday. The stock has a market capitalization of $6.63 billion, a PE ratio of 35.72, a PEG ratio of 3.16 and a beta of 0.90. The business’s 50 day simple moving average is $66.73 and its 200 day simple moving average is $61.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. Terreno Realty Co. has a one year low of $50.42 and a one year high of $71.63.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) 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 analyst estimates of $89.07 million. As a group, research analysts forecast that Terreno Realty Co. will post 2.42 earnings per share for the current year.

Terreno Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.96 dividend on an annualized basis and a yield of 2.86%. This is a boost from Terreno Realty’s previous quarterly dividend of $0.45. Terreno Realty’s dividend payout ratio is 102.08%.

Insider Transactions at Terreno Realty

In other Terreno Realty news, 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 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. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Terreno Realty news, 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 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jaime Jackson Cannon sold 4,998 shares of Terreno Realty stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 101,927 shares of the company’s stock, valued at $6,970,787.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,643 shares of company stock valued at $1,277,581. Corporate insiders own 2.40% of the company’s stock.

Terreno Realty 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.