Sei Investments Co. Acquires 102,456 Shares of Terreno Realty Co. (NYSE:TRNO)

Sei Investments Co. boosted its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 27.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 482,394 shares of the real estate investment trust's stock after buying an additional 102,456 shares during the period. Sei Investments Co. owned approximately 0.50% of Terreno Realty worth $28,549,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Terreno Realty by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust's stock worth $861,988,000 after purchasing an additional 919,851 shares in the last quarter. Principal Financial Group Inc. increased its stake in Terreno Realty by 16.4% in the first quarter. Principal Financial Group Inc. now owns 5,155,458 shares of the real estate investment trust's stock valued at $342,322,000 after purchasing an additional 727,995 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Terreno Realty by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust's stock worth $276,381,000 after purchasing an additional 291,051 shares during the period. American Century Companies Inc. lifted its position in Terreno Realty by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust's stock valued at $127,287,000 after acquiring an additional 146,808 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Terreno Realty by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust's stock valued at $81,862,000 after acquiring an additional 103,833 shares in the last quarter.

Insider Activity

In other news, EVP John Tull Meyer sold 6,145 shares of the firm's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $68.64, for a total value of $421,792.80. Following the completion of the sale, the executive vice president now owns 110,988 shares of the company's stock, valued at $7,618,216.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Terreno Realty news, EVP John Tull Meyer sold 6,145 shares of the stock in a transaction on Friday, August 9th. The stock was 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 $7,618,216.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the 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 sale, the chief financial officer now directly owns 101,927 shares in the company, valued at $6,970,787.53. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,643 shares of company stock valued at $1,277,581. 2.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TRNO has been the subject of several recent analyst reports. JMP Securities boosted their price objective on Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a report on Tuesday, August 13th. Scotiabank boosted their price target on shares of Terreno Realty from $59.00 to $70.00 and gave the company a "sector perform" rating in a research report on Monday, August 26th. BNP Paribas initiated coverage on Terreno Realty in a research report on Tuesday, June 4th. They issued an "outperform" rating and a $68.00 price target on the stock. Mizuho reaffirmed an "underperform" rating and issued a $62.00 price objective on shares of Terreno Realty in a research report on Thursday, September 5th. Finally, Wolfe Research raised Terreno Realty to a "hold" rating in a report on Sunday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $69.56.

Terreno Realty Trading Down 1.7 %

Terreno Realty stock traded down $1.19 during midday trading on Wednesday, reaching $67.56. 491,376 shares of the stock traded hands, compared to its average volume of 694,941. The company has a 50-day simple moving average of $68.28 and a two-hundred day simple moving average of $62.41. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a 12-month low of $50.42 and a 12-month high of $71.63. The firm has a market cap of $6.55 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 3.18 and a beta of 0.90.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.17). The company had revenue of $94.25 million for the quarter, compared to analysts' expectations of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. Research analysts expect that Terreno Realty Co. will post 2.42 earnings per share for the current fiscal year.

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 $0.49 dividend. This is a positive change from Terreno Realty's previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a yield of 2.90%. The ex-dividend date is Monday, September 30th. Terreno Realty's payout ratio is currently 93.75%.

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.