Bank of New York Mellon Corp Has $42.91 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Bank of New York Mellon Corp increased its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 17.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 725,004 shares of the real estate investment trust's stock after purchasing an additional 109,301 shares during the period. Bank of New York Mellon Corp owned 0.75% of Terreno Realty worth $42,906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in shares of Terreno Realty in the 1st quarter valued at approximately $31,000. SRS Capital Advisors Inc. lifted its stake in 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 buying an additional 408 shares in the last quarter. Whittier Trust Co. increased its stake in Terreno Realty by 123.4% in the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust's stock valued at $40,000 after buying 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 increased its position in Terreno Realty by 58.2% during the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust's stock worth $70,000 after buying an additional 438 shares during the period.

Terreno Realty Stock Performance

TRNO traded up $0.99 on Monday, hitting $69.04. The company had a trading volume of 537,100 shares, compared to its average volume of 649,649. The company's fifty day moving average price is $65.73 and its 200 day moving average price is $61.78. Terreno Realty Co. has a 1-year low of $50.42 and a 1-year high of $71.63. 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 stock has a market cap of $6.69 billion, a price-to-earnings ratio of 35.96, a price-to-earnings-growth ratio of 3.17 and a beta of 0.90.

Terreno Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.96 dividend on an annualized basis and a yield of 2.84%. This is a boost from Terreno Realty's previous quarterly dividend of $0.45. Terreno Realty's payout ratio is currently 93.75%.

Insider Activity

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 approximately $7,618,216.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP John Tull Meyer sold 6,145 shares of the business'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 approximately $7,618,216.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the company's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.39, for a total value of $341,813.22. Following the sale, the chief financial officer now owns 101,927 shares in the company, valued at $6,970,787.53. The disclosure for this sale can be found here. Insiders sold 18,643 shares of company stock worth $1,277,581 over the last quarter. 2.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TRNO shares. Wells Fargo & Company downgraded shares of Terreno Realty from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th. BNP Paribas assumed coverage on Terreno Realty in a research report on Tuesday, June 4th. They set an "outperform" rating and a $68.00 price target on the stock. The Goldman Sachs Group raised their target price on Terreno Realty from $60.00 to $68.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. StockNews.com cut Terreno Realty from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Scotiabank boosted their target price on shares of Terreno Realty from $59.00 to $70.00 and gave the company a "sector perform" rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Terreno Realty has a consensus rating of "Hold" and an average price target of $69.56.

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.