Moody Aldrich Partners LLC Has $7.13 Million Position in Terreno Realty Co. (NYSE:TRNO)

Moody Aldrich Partners LLC raised its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 34.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,741 shares of the real estate investment trust's stock after buying an additional 27,617 shares during the period. Terreno Realty comprises approximately 1.3% of Moody Aldrich Partners LLC's investment portfolio, making the stock its 22nd biggest holding. Moody Aldrich Partners LLC owned approximately 0.11% of Terreno Realty worth $7,134,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in shares of Terreno Realty during the 3rd quarter worth about $26,000. Mather Group LLC. acquired a new position in shares of Terreno Realty in the first quarter valued at approximately $31,000. Whittier Trust Co. grew its position 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 valued at $40,000 after purchasing an additional 337 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Terreno Realty during the second quarter worth approximately $48,000. Finally, EntryPoint Capital LLC lifted its holdings in Terreno Realty by 80.3% during the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 419 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wedbush reiterated a "neutral" rating and set a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Wolfe Research raised shares of Terreno Realty to a "hold" rating in a research report on Sunday, September 22nd. StockNews.com downgraded shares of Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. Mizuho reaffirmed an "underperform" rating and set a $62.00 target price on shares of Terreno Realty in a report on Thursday, September 5th. Finally, Wells Fargo & Company downgraded shares of Terreno Realty from an "overweight" rating to an "equal weight" rating and lifted their price target for the company from $71.00 to $75.00 in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $69.56.

Terreno Realty Price Performance

Shares of TRNO stock traded down $0.31 during trading hours on Thursday, reaching $63.31. The company's stock had a trading volume of 441,232 shares, compared to its average volume of 703,828. Terreno Realty Co. has a fifty-two week low of $50.42 and a fifty-two week high of $71.63. The firm's 50 day simple moving average is $67.09 and its 200-day simple moving average is $62.57. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.92 and a beta of 0.90.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings data 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 business 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%. Sell-side analysts forecast 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. Investors of record on Monday, September 30th were issued a dividend of $0.49 per share. The ex-dividend date was Monday, September 30th. This is a positive change from Terreno Realty's previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a dividend yield of 3.10%. Terreno Realty's payout ratio is 102.08%.

Insider Buying and Selling

In related news, President Michael A. Coke sold 7,500 shares of the firm's stock in a transaction on 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of the business's 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 of the company's stock, valued at $6,970,787.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael A. Coke sold 7,500 shares of the firm's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the transaction, the president now directly owns 402,164 shares of the company's stock, valued at $27,560,298.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,643 shares of company stock worth $1,277,581 in the last three months. 2.40% of the stock is owned by corporate 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.