Emerald Mutual Fund Advisers Trust Lowers Holdings in Terreno Realty Co. (NYSE:TRNO)

Emerald Mutual Fund Advisers Trust lowered its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 13.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,049 shares of the real estate investment trust's stock after selling 23,551 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.16% of Terreno Realty worth $10,028,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TRNO. Sei Investments Co. raised its stake in shares of Terreno Realty by 33.3% during the first quarter. Sei Investments Co. now owns 379,938 shares of the real estate investment trust's stock worth $25,228,000 after purchasing an additional 94,813 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Terreno Realty by 107.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,548 shares of the real estate investment trust's stock worth $3,185,000 after buying an additional 25,683 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Terreno Realty by 10.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 133,856 shares of the real estate investment trust's stock worth $8,888,000 after acquiring an additional 13,064 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Terreno Realty in the first quarter valued at about $3,450,000. Finally, Bessemer Group Inc. increased its stake in shares of Terreno Realty by 37.2% during the first quarter. Bessemer Group Inc. now owns 292,785 shares of the real estate investment trust's stock worth $19,441,000 after acquiring an additional 79,441 shares during the period.

Insider Activity at Terreno Realty

In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of the firm's stock in a transaction on 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 owns 101,927 shares of the company's stock, 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 SEC, which is accessible through this link. In related news, EVP John Tull Meyer sold 6,145 shares of the company's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.64, for a total transaction of $421,792.80. Following the transaction, the executive vice president now owns 110,988 shares of the company's stock, valued at approximately $7,618,216.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the firm'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 transaction of $341,813.22. Following the sale, 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 90 days, insiders have sold 18,643 shares of company stock valued at $1,277,581. 2.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TRNO has been the subject of a number of recent analyst reports. Mizuho restated an "underperform" rating and issued a $62.00 price objective on shares of Terreno Realty in a research report on Thursday, September 5th. Scotiabank reduced their price target on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a report on Friday, October 25th. Wedbush restated a "neutral" rating and issued a $70.00 price target (up from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Barclays cut their price objective on Terreno Realty from $69.00 to $68.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. Finally, Wolfe Research upgraded shares of Terreno Realty to a "hold" rating in a research report on Sunday, September 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Terreno Realty currently has an average rating of "Hold" and an average price target of $69.22.

Terreno Realty Price Performance

Shares of TRNO stock traded down $0.05 during mid-day trading on Friday, reaching $59.90. The stock had a trading volume of 473,006 shares, compared to its average volume of 747,678. The company has a market cap of $5.80 billion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 2.77 and a beta of 0.90. 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 $53.23 and a 12-month high of $71.63. The business has a 50-day simple moving average of $66.16 and a 200 day simple moving average of $62.59.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted 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). Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. The business had revenue of $94.25 million for the quarter, compared to analysts' expectations of $89.07 million. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were given a dividend of $0.49 per share. This is an increase from Terreno Realty's previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Monday, September 30th. Terreno Realty's payout ratio is currently 108.29%.

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.