Allspring Global Investments Holdings LLC Has $24.58 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Allspring Global Investments Holdings LLC increased its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 28.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 415,260 shares of the real estate investment trust’s stock after buying an additional 92,104 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Terreno Realty were worth $24,575,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC boosted its holdings in shares of Terreno Realty by 412.0% during the fourth quarter. Hsbc Holdings PLC now owns 205,287 shares of the real estate investment trust’s stock worth $12,874,000 after purchasing an additional 165,194 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Terreno Realty by 377.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 25,301 shares of the real estate investment trust’s stock worth $1,586,000 after purchasing an additional 20,004 shares during the period. Sei Investments Co. boosted its holdings 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 period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Terreno Realty by 107.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 49,548 shares of the real estate investment trust’s stock worth $3,185,000 after purchasing an additional 25,683 shares during the period. Finally, Alberta Investment Management Corp boosted its holdings in shares of Terreno Realty by 24.4% during the fourth quarter. Alberta Investment Management Corp now owns 75,453 shares of the real estate investment trust’s stock worth $4,729,000 after purchasing an additional 14,820 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TRNO. JMP Securities raised their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 13th. StockNews.com raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Scotiabank boosted their target price 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. The Goldman Sachs Group boosted their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, BNP Paribas started coverage on shares of Terreno Realty in a report on Tuesday, June 4th. They issued an “outperform” rating and a $68.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.11.

Terreno Realty Stock Down 0.2 %

Shares of NYSE:TRNO opened at $70.20 on Wednesday. Terreno Realty Co. has a 12 month low of $50.42 and a 12 month high of $71.63. The company’s 50-day moving average price is $65.10 and its two-hundred day moving average price is $61.65. 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 firm has a market cap of $6.80 billion, a P/E ratio of 36.56, a P/E/G ratio of 3.17 and a beta of 0.89.

Terreno Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be issued 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 yield of 2.79%. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.45. Terreno Realty’s dividend payout ratio is currently 93.75%.

Insiders Place Their Bets

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 shares were sold at an average price of $68.39, for a total transaction of $341,813.22. Following the transaction, the chief financial officer now directly owns 101,927 shares in the company, valued at approximately $6,970,787.53. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Terreno Realty news, EVP John Tull Meyer sold 6,145 shares of the company’s stock in a transaction dated 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 directly owns 110,988 shares in the company, valued at approximately $7,618,216.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.39, for a total transaction of $341,813.22. Following the transaction, the chief financial officer now owns 101,927 shares in the company, valued at $6,970,787.53. 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 in the last 90 days. 2.40% of the stock is currently owned by 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.