Asset Management One Co. Ltd. Has $11.76 Million Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Asset Management One Co. Ltd. cut its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 11.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 176,005 shares of the real estate investment trust's stock after selling 22,688 shares during the quarter. Asset Management One Co. Ltd. owned 0.18% of Terreno Realty worth $11,762,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Terreno Realty by 6.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 105,463 shares of the real estate investment trust's stock valued at $7,003,000 after purchasing an additional 6,815 shares during the last quarter. Norden Group LLC lifted its position in Terreno Realty by 41.0% during the 1st quarter. Norden Group LLC now owns 7,209 shares of the real estate investment trust's stock worth $479,000 after buying an additional 2,095 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Terreno Realty by 1.9% during the 1st quarter. BNP Paribas Financial Markets now owns 42,062 shares of the real estate investment trust's stock worth $2,793,000 after buying an additional 780 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Terreno Realty by 12.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,754 shares of the real estate investment trust's stock worth $581,000 after buying an additional 937 shares during the last quarter. Finally, Mutual of America Capital Management LLC bought a new position in shares of Terreno Realty in the 1st quarter valued at about $5,262,000.

Terreno Realty Stock Performance

TRNO traded up $0.68 during trading on Thursday, hitting $60.41. The stock had a trading volume of 1,186,214 shares, compared to its average volume of 709,511. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 33.38, a P/E/G ratio of 2.80 and a beta of 0.90. The company has a 50 day moving average price of $65.44 and a 200-day moving average price of $62.64. Terreno Realty Co. has a one year low of $53.23 and a one year high of $71.63.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.17). The business had revenue of $94.25 million for the quarter, compared to the consensus estimate of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. As a group, research analysts predict that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.24%. Terreno Realty's payout ratio is 108.29%.

Insider Transactions at Terreno Realty

In other news, CFO Jaime Jackson Cannon sold 4,998 shares of the company's stock in a transaction that occurred 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 owns 101,927 shares of the company's stock, valued at approximately $6,970,787.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Jaime Jackson Cannon sold 4,998 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.39, for a total value of $341,813.22. Following the sale, the chief financial officer now directly owns 101,927 shares of the company's stock, valued at $6,970,787.53. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $421,792.80. Following the sale, the executive vice president now directly owns 110,988 shares in the company, valued at $7,618,216.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,643 shares of company stock valued at $1,277,581. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TRNO has been the subject of several recent research reports. Wolfe Research raised Terreno Realty to a "hold" rating in a research report on Sunday, September 22nd. Wells Fargo & Company downgraded Terreno Realty from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $71.00 to $75.00 in a report on Wednesday, August 28th. Barclays lowered their target price on shares of Terreno Realty from $69.00 to $68.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. The Goldman Sachs Group lifted their price objective on shares of Terreno Realty from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Finally, Mizuho reaffirmed an "underperform" rating and issued a $62.00 target price on shares of Terreno Realty in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $69.22.

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.