Raymond James & Associates Has $11.45 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Raymond James & Associates lessened its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,393 shares of the real estate investment trust's stock after selling 12,896 shares during the period. Raymond James & Associates owned about 0.18% of Terreno Realty worth $11,454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRNO. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Terreno Realty by 6.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 105,463 shares of the real estate investment trust's stock worth $7,003,000 after purchasing an additional 6,815 shares during the period. State of Alaska Department of Revenue boosted its holdings in Terreno Realty by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 39,904 shares of the real estate investment trust's stock worth $2,648,000 after purchasing an additional 937 shares during the period. Norden Group LLC boosted its holdings in Terreno Realty by 1,032.3% in the first quarter. Norden Group LLC now owns 57,904 shares of the real estate investment trust's stock worth $3,845,000 after purchasing an additional 52,790 shares during the period. Diversify Advisory Services LLC acquired a new position in Terreno Realty in the first quarter worth $280,000. Finally, BNP Paribas Financial Markets boosted its holdings in Terreno Realty by 1.9% in the first quarter. BNP Paribas Financial Markets now owns 42,062 shares of the real estate investment trust's stock worth $2,793,000 after purchasing an additional 780 shares during the period.

Insider Activity at Terreno Realty

In related news, CFO Jaime Jackson Cannon sold 4,998 shares of the business's stock in a transaction that occurred on 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 owns 101,927 shares of the company's stock, valued at approximately $6,970,787.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Terreno Realty news, President Michael A. Coke sold 7,500 shares of the stock in a transaction that occurred 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 transaction, the president now owns 402,164 shares in the company, valued at $27,560,298.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 value of $341,813.22. Following the transaction, the chief financial officer now owns 101,927 shares in the company, valued at approximately $6,970,787.53. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,643 shares of company stock valued at $1,277,581. 2.40% of the stock is owned by corporate insiders.

Terreno Realty Stock Down 1.2 %

Shares of TRNO traded down $0.73 during trading hours on Tuesday, reaching $61.17. The company's stock had a trading volume of 528,279 shares, compared to its average volume of 702,289. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 32.24, a P/E/G ratio of 2.84 and a beta of 0.90. Terreno Realty Co. has a 1-year low of $50.88 and a 1-year high of $71.63. 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 50 day moving average of $66.84 and a two-hundred day moving average of $62.53.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates 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%. As a group, research analysts predict that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a $0.49 dividend. This is a boost from Terreno Realty's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.20%. Terreno Realty's payout ratio is presently 102.08%.

Analyst Ratings Changes

TRNO has been the subject of several analyst reports. Wolfe Research raised shares of Terreno Realty to a "hold" rating in a report on Sunday, September 22nd. JMP Securities boosted their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the company a "market outperform" rating in a report on Tuesday, August 13th. The Goldman Sachs Group boosted their price target on shares of Terreno Realty from $60.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Wedbush reissued a "neutral" rating and set a $70.00 price target (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Finally, StockNews.com downgraded shares of Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Terreno Realty currently has an average rating of "Hold" and an average target price of $69.22.

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.