Copeland Capital Management LLC Buys 13,988 Shares of Terreno Realty Co. (NYSE:TRNO)

Copeland Capital Management LLC grew its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,129,443 shares of the real estate investment trust's stock after acquiring an additional 13,988 shares during the quarter. Terreno Realty makes up approximately 1.3% of Copeland Capital Management LLC's holdings, making the stock its 21st largest position. Copeland Capital Management LLC owned 1.17% of Terreno Realty worth $75,481,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRNO. Thrivent Financial for Lutherans raised its holdings in shares of Terreno Realty by 238.3% during the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust's stock valued at $78,587,000 after buying an additional 935,418 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Terreno Realty by 7.6% during the first quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust's stock valued at $861,988,000 after acquiring an additional 919,851 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Terreno Realty in the second quarter worth approximately $39,064,000. Price T Rowe Associates Inc. MD boosted its stake in Terreno Realty by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust's stock valued at $276,381,000 after purchasing an additional 291,051 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Terreno Realty by 7.3% during 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 purchasing an additional 146,808 shares during the period.

Terreno Realty Stock Up 0.0 %

Terreno Realty stock traded up $0.03 during mid-day trading on Tuesday, hitting $63.30. The company's stock had a trading volume of 354,025 shares, compared to its average volume of 705,589. 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 52-week low of $50.42 and a 52-week high of $71.63. The firm's 50 day moving average is $67.35 and its 200 day moving average is $62.55. The company has a market cap of $6.13 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 2.97 and a beta of 0.90.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS 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 company had revenue of $94.25 million for the quarter, compared to analysts' expectations of $89.07 million. On average, analysts anticipate that Terreno Realty Co. will post 2.41 earnings per share for the current year.

Terreno Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is an increase 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 3.10%. Terreno Realty's dividend payout ratio is 108.29%.

Insider Buying and Selling

In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of the company's stock in a transaction dated 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 directly owns 101,927 shares of the company's stock, valued at $6,970,787.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $68.64, for a total transaction of $421,792.80. Following the transaction, the executive vice president now directly owns 110,988 shares in the company, valued at $7,618,216.32. 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 is available at the SEC website. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the business's stock in a transaction dated Friday, August 9th. The stock was 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 $6,970,787.53. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,643 shares of company stock worth $1,277,581. Corporate insiders own 2.40% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on TRNO shares. Wells Fargo & Company cut Terreno Realty from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. JMP Securities increased their target price on shares of Terreno Realty from $65.00 to $72.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 13th. Scotiabank lifted their price target on shares of Terreno Realty from $59.00 to $70.00 and gave the stock a "sector perform" rating in a research report on Monday, August 26th. Wolfe Research upgraded Terreno Realty to a "hold" rating in a research report on Sunday, September 22nd. Finally, StockNews.com cut Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.