Terreno Realty Co. (NYSE:TRNO) Stock Holdings Lessened by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 26.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,000 shares of the real estate investment trust's stock after selling 40,000 shares during the period. Impax Asset Management Group plc owned approximately 0.11% of Terreno Realty worth $7,351,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in Terreno Realty by 112.3% in the third quarter. Harbor Capital Advisors Inc. now owns 24,869 shares of the real estate investment trust's stock valued at $1,662,000 after purchasing an additional 13,157 shares during the last quarter. US Bancorp DE boosted its stake in shares of Terreno Realty by 7.2% during the 3rd quarter. US Bancorp DE now owns 30,378 shares of the real estate investment trust's stock valued at $2,030,000 after buying an additional 2,040 shares during the last quarter. Congress Asset Management Co. grew its position in shares of Terreno Realty by 8.2% during the third quarter. Congress Asset Management Co. now owns 261,033 shares of the real estate investment trust's stock worth $17,445,000 after buying an additional 19,738 shares in the last quarter. Financial Advocates Investment Management acquired a new stake in Terreno Realty in the third quarter valued at $205,000. Finally, Diversify Wealth Management LLC raised its holdings in Terreno Realty by 14.4% in the third quarter. Diversify Wealth Management LLC now owns 4,959 shares of the real estate investment trust's stock valued at $316,000 after acquiring an additional 625 shares in the last quarter.

Insider Activity at Terreno Realty

In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of the business's 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 owns 101,927 shares in the company, valued at approximately $6,970,787.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value 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 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 link. Also, President Michael A. Coke sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the transaction, the president now owns 402,164 shares in the company, valued at $27,560,298.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,643 shares of company stock worth $1,277,581 in the last three months. 2.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRNO. Wedbush restated a "neutral" rating and issued a $70.00 target price (up previously from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. StockNews.com cut Terreno Realty from a "hold" rating to a "sell" rating in a research note on Friday, October 11th. Scotiabank lowered their price target on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a report on Friday, October 25th. JMP Securities raised their price objective on Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a research note on Tuesday, August 13th. Finally, Mizuho reissued an "underperform" rating and set a $62.00 target price on shares of Terreno Realty in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $69.22.

Terreno Realty Stock Performance

Shares of TRNO stock traded down $0.96 during trading hours on Wednesday, reaching $59.73. The stock had a trading volume of 2,340,092 shares, compared to its average volume of 707,292. 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 50-day simple moving average of $65.77 and a 200-day simple moving average of $62.67. The firm has a market capitalization of $5.79 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 2.80 and a beta of 0.90. Terreno Realty Co. has a twelve month low of $53.23 and a twelve month 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.17). Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. The business had revenue of $94.25 million for the quarter, compared to the consensus estimate of $89.07 million. As a group, equities analysts forecast that Terreno Realty Co. will post 2.41 earnings per share for the current year.

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.