Terreno Realty Corporation $TRNO Stock Purchased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lifted its position in Terreno Realty Corporation (NYSE:TRNO) by 39.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 138,027 shares of the real estate investment trust’s stock after buying an additional 39,231 shares during the period. Terreno Realty comprises about 1.7% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Moody Aldrich Partners LLC’s holdings in Terreno Realty were worth $8,910,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in shares of Terreno Realty by 57.0% in the first quarter. EverSource Wealth Advisors LLC now owns 438 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 159 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Terreno Realty by 0.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,863 shares of the real estate investment trust’s stock worth $1,466,000 after buying an additional 200 shares in the last quarter. Yousif Capital Management LLC grew its position in Terreno Realty by 0.8% during the third quarter. Yousif Capital Management LLC now owns 28,704 shares of the real estate investment trust’s stock worth $1,853,000 after buying an additional 216 shares in the last quarter. Cim Investment Management Inc. grew its position in Terreno Realty by 7.4% during the second quarter. Cim Investment Management Inc. now owns 3,565 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 246 shares in the last quarter. Finally, Gibbs Wealth Management increased its stake in Terreno Realty by 5.4% in the 3rd quarter. Gibbs Wealth Management now owns 5,568 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 286 shares during the last quarter.

Wall Street Analyst Weigh In

TRNO has been the topic of a number of research analyst reports. Citigroup restated a “market outperform” rating on shares of Terreno Realty in a research note on Wednesday, October 7th. KeyCorp lifted their price target on Terreno Realty from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada set a $73.00 price objective on Terreno Realty in a report on Wednesday, October 7th. Weiss Ratings lowered Terreno Realty from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 3rd. Finally, UBS Group set a $74.00 price objective on shares of Terreno Realty in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.47.

Terreno Realty Stock Performance

Terreno Realty stock opened at $63.64 on Thursday. The firm’s fifty day moving average price is $65.72 and its 200-day moving average price is $65.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market cap of $6.94 billion, a P/E ratio of 17.06 and a beta of 1.03. Terreno Realty Corporation has a fifty-two week low of $56.09 and a fifty-two week high of $78.94.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.13. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. The company had revenue of $124.71 million during the quarter, compared to analyst estimates of $127.15 million. On average, equities research analysts expect that Terreno Realty Corporation will post 2.84 earnings per share for the current fiscal year.

Terreno Realty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.57 per share. The ex-dividend date was Wednesday, September 30th. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a yield of 3.6%. Terreno Realty’s dividend payout ratio (DPR) is 61.13%.

Insider Transactions at Terreno Realty

In other Terreno Realty news, EVP John Meyer sold 4,447 shares of Terreno Realty stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $68.64, for a total transaction of $305,242.08. Following the completion of the sale, the executive vice president owned 131,825 shares of the company’s stock, valued at $9,048,468. The trade was a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael Coke sold 8,000 shares of Terreno Realty stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $68.38, for a total value of $547,040.00. Following the sale, the president directly owned 425,381 shares of the company’s stock, valued at approximately $29,087,552.78. This trade represents a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

Terreno Realty Company Profile

Terreno Realty Corporation is a real estate investment trust that owns, operates, and invests in industrial properties. The company primarily targets functional, well-located properties serving distribution, logistics, and other industrial uses in densely populated coastal markets.

Terreno’s portfolio generally includes warehouse, transshipment, and industrial-flex properties, as well as improved land and other assets that support industrial operations. Its activities include acquiring properties, leasing available space to tenants, and managing, developing, and redeveloping properties to enhance their utility and value.

The company focuses on major U.S.