Davidson Investment Advisors Acquires 36,104 Shares of Terreno Realty Co. (NYSE:TRNO)

Davidson Investment Advisors increased its stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 13.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 301,913 shares of the real estate investment trust's stock after purchasing an additional 36,104 shares during the quarter. Davidson Investment Advisors owned 0.31% of Terreno Realty worth $17,867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of Terreno Realty during the first quarter valued at about $31,000. SRS Capital Advisors Inc. lifted its holdings in shares of Terreno Realty by 337.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 408 shares in the last quarter. Whittier Trust Co. increased its stake in shares of Terreno Realty by 123.4% in the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 337 shares during the last quarter. EntryPoint Capital LLC increased its position in Terreno Realty by 80.3% during the first 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 during the last quarter. Finally, CWM LLC grew its position in shares of Terreno Realty by 58.2% in the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 438 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TRNO. StockNews.com lowered shares of Terreno Realty from a "hold" rating to a "sell" rating in a research report on Thursday. 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. The Goldman Sachs Group raised their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Scotiabank lifted their price target on Terreno Realty from $59.00 to $70.00 and gave the stock a "sector perform" rating in a report on Monday, August 26th. Finally, Wells Fargo & Company lowered shares of Terreno Realty from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $71.00 to $75.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $69.56.

Terreno Realty Trading Up 1.5 %

NYSE TRNO traded up $0.99 on Friday, reaching $69.04. The company had a trading volume of 537,197 shares, compared to its average volume of 699,351. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 3.23 and a beta of 0.89. The business has a 50 day moving average of $65.73 and a two-hundred day moving average of $61.78. 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 fifty-two week low of $50.42 and a fifty-two week high of $71.63.

Terreno Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a $0.49 dividend. This is a positive change from Terreno Realty's previous quarterly dividend of $0.45. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, September 30th. Terreno Realty's dividend payout ratio is currently 102.08%.

Insider Buying and Selling at Terreno Realty

In other news, CFO Jaime Jackson Cannon sold 4,998 shares of Terreno Realty stock in a transaction dated 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 transaction, the chief financial officer now directly owns 101,927 shares in the company, valued at $6,970,787.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jaime Jackson Cannon sold 4,998 shares of the business's stock in a transaction that occurred 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 approximately $6,970,787.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Tull Meyer sold 6,145 shares of the 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 sale, the executive vice president now directly owns 110,988 shares of the company's stock, valued at $7,618,216.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,643 shares of company stock valued at $1,277,581. 2.40% of the stock is currently owned by insiders.

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.