Moody Aldrich Partners LLC Raises Stock Position in Terreno Realty Co. (NYSE:TRNO)

Moody Aldrich Partners LLC raised its holdings in Terreno Realty Co. (NYSE:TRNO) by 34.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 106,741 shares of the real estate investment trust’s stock after purchasing an additional 27,617 shares during the quarter. Terreno Realty accounts for approximately 1.3% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 22nd biggest holding. Moody Aldrich Partners LLC owned 0.11% of Terreno Realty worth $7,134,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TRNO. Thrivent Financial for Lutherans boosted its position in Terreno Realty by 238.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock worth $78,587,000 after purchasing an additional 935,418 shares in the last quarter. Vanguard Group Inc. increased its holdings in Terreno Realty by 7.6% in the first quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust’s stock valued at $861,988,000 after buying an additional 919,851 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Terreno Realty in the second quarter worth about $39,064,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Terreno Realty by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust’s stock worth $276,381,000 after acquiring an additional 291,051 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Terreno Realty by 7.3% during 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 acquiring an additional 146,808 shares during the period.

Terreno Realty Trading Up 0.3 %

Shares of TRNO stock traded up $0.16 on Thursday, hitting $63.78. 61,497 shares of the stock traded hands, compared to its average volume of 701,947. Terreno Realty Co. has a twelve month low of $50.42 and a twelve month high of $71.63. The stock has a market capitalization of $6.17 billion, a PE ratio of 33.20, a PEG ratio of 2.92 and a beta of 0.90. The firm’s 50-day moving average price is $67.18 and its two-hundred day moving average price is $62.56. 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 posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.17). The firm had revenue of $94.25 million during the quarter, compared to analyst estimates of $89.07 million. Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. As a group, analysts anticipate that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.49 per share. This is a boost from Terreno Realty’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, September 30th. This represents a $1.96 annualized dividend and a yield of 3.07%. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Analyst Upgrades and Downgrades

TRNO has been the subject of a number of analyst reports. Wells Fargo & Company cut Terreno Realty from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $71.00 to $75.00 in a report on Wednesday, August 28th. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. The Goldman Sachs Group boosted their price target on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Finally, JMP Securities boosted 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 note on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Terreno Realty currently has an average rating of “Hold” and an average target price of $69.56.

Insiders Place Their Bets

In other news, CFO Jaime Jackson Cannon sold 4,998 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $68.39, for a total transaction of $341,813.22. Following the completion of the transaction, the chief financial officer now directly owns 101,927 shares in the company, valued at approximately $6,970,787.53. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related 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 in the company, valued at approximately $7,618,216.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $68.39, for a total value of $341,813.22. Following the transaction, the chief financial officer now owns 101,927 shares in the company, valued at $6,970,787.53. 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 valued at $1,277,581 over the last quarter. 2.40% of the stock is owned by insiders.

About Terreno Realty

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.