Harbor Capital Advisors Inc. Buys 13,157 Shares of Terreno Realty Co. (NYSE:TRNO)

Harbor Capital Advisors Inc. increased its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 112.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,869 shares of the real estate investment trust's stock after buying an additional 13,157 shares during the period. Harbor Capital Advisors Inc.'s holdings in Terreno Realty were worth $1,662,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TRNO. Sumitomo Mitsui Trust Holdings Inc. increased its stake in 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 in the last quarter. Norden Group LLC increased its stake in Terreno Realty by 41.0% in the first quarter. Norden Group LLC now owns 7,209 shares of the real estate investment trust's stock valued at $479,000 after purchasing an additional 2,095 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Terreno Realty by 1.9% in the first quarter. BNP Paribas Financial Markets now owns 42,062 shares of the real estate investment trust's stock valued at $2,793,000 after purchasing an additional 780 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Terreno Realty by 12.0% in the first quarter. Janney Montgomery Scott LLC now owns 8,754 shares of the real estate investment trust's stock valued at $581,000 after purchasing an additional 937 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Terreno Realty by 12.1% during the first quarter. Daiwa Securities Group Inc. now owns 36,955 shares of the real estate investment trust's stock worth $2,454,000 after acquiring an additional 3,997 shares in the last quarter.

Analyst Ratings Changes

TRNO has been the subject of several research reports. StockNews.com downgraded shares of Terreno Realty from a "hold" rating to a "sell" rating in a research report on Friday, October 11th. Scotiabank lowered their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a research report on Friday, October 25th. Mizuho reissued an "underperform" rating and set a $62.00 price objective on shares of Terreno Realty in a research report on Thursday, September 5th. Wedbush restated a "neutral" rating and set a $70.00 target price (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Finally, Wolfe Research upgraded shares of Terreno Realty to a "hold" rating in a report on Sunday, September 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Terreno Realty currently has an average rating of "Hold" and an average price target of $69.22.

Terreno Realty Stock Performance

NYSE:TRNO traded down $0.96 during mid-day trading on Wednesday, reaching $59.73. 2,340,092 shares of the company's stock were exchanged, compared to its average volume of 707,294. Terreno Realty Co. has a one year low of $53.23 and a one year high of $71.63. The firm has a market capitalization of $5.79 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 2.80 and a beta of 0.90. The business's fifty day simple moving average is $65.60 and its two-hundred day simple moving average is $62.65. 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 - 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). Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. The business had revenue of $94.25 million for the quarter, compared to the consensus estimate of $89.07 million. Analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Terreno Realty news, EVP John Tull Meyer sold 6,145 shares of the firm's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.64, for a total value of $421,792.80. Following the transaction, the executive vice president now directly owns 110,988 shares of the company's stock, valued at $7,618,216.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Terreno Realty news, President Michael A. Coke sold 7,500 shares of the firm's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.53, for a total value of $513,975.00. Following the transaction, the president now directly owns 402,164 shares of the company's stock, valued at $27,560,298.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Tull Meyer sold 6,145 shares of the firm's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.64, for a total transaction of $421,792.80. Following the completion of the transaction, the executive vice president now directly owns 110,988 shares in the company, valued at approximately $7,618,216.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 company insiders.

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.