Algert Global LLC Purchases Shares of 9,674 Terreno Realty Co. (NYSE:TRNO)

Algert Global LLC acquired a new stake in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,674 shares of the real estate investment trust's stock, valued at approximately $573,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mather Group LLC. bought a new stake in shares of Terreno Realty during the first quarter valued at approximately $31,000. Whittier Trust Co. grew its position in Terreno Realty by 123.4% in the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 337 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Terreno Realty in the second quarter valued at $48,000. EntryPoint Capital LLC grew its position in Terreno Realty by 80.3% in the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 419 shares during the period. Finally, CWM LLC grew its position in 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 acquiring an additional 438 shares during the period.

Terreno Realty Trading Down 0.9 %

NYSE:TRNO traded down $0.59 during mid-day trading on Monday, hitting $65.16. The company had a trading volume of 717,575 shares, compared to its average volume of 697,495. Terreno Realty Co. has a fifty-two week low of $50.42 and a fifty-two week high of $71.63. The business's fifty day moving average is $68.01 and its two-hundred day moving average is $62.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market cap of $6.30 billion, a P/E ratio of 33.94, a P/E/G ratio of 2.98 and a beta of 0.90.

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

Terreno Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be given 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 dividend yield of 3.01%. This is a positive change from Terreno Realty's previous quarterly dividend of $0.45. Terreno Realty's dividend payout ratio (DPR) is currently 102.08%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRNO. StockNews.com upgraded Terreno Realty from a "sell" rating to a "hold" rating in a research report on Monday, September 30th. The Goldman Sachs Group upped their price target on Terreno Realty from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Wolfe Research upgraded Terreno Realty to a "hold" rating in a report on Sunday, September 22nd. Scotiabank increased their target price 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, JMP Securities increased their target price on Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $69.56.

Insider Transactions at Terreno Realty

In other news, President Michael A. Coke sold 7,500 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.53, for a total transaction of $513,975.00. Following the sale, the president now owns 402,164 shares of the company's stock, valued at $27,560,298.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Jaime Jackson Cannon sold 4,998 shares of the stock in a transaction dated 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 directly owns 101,927 shares in the company, valued at approximately $6,970,787.53. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $513,975.00. Following the completion of the transaction, the president now owns 402,164 shares of the company's stock, valued at approximately $27,560,298.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,643 shares of company stock valued at $1,277,581 over the last 90 days. 2.40% of the stock is owned by company 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.