Terreno Realty Co. (NYSE:TRNO) EVP John Tull Meyer Sells 6,145 Shares

Terreno Realty Co. (NYSE:TRNO) EVP John Tull Meyer sold 6,145 shares of Terreno Realty 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 completion of the transaction, the executive vice president now directly owns 110,988 shares in the company, valued at $7,618,216.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Terreno Realty Stock Up 1.1 %

Shares of NYSE:TRNO traded up $0.72 during midday trading on Tuesday, hitting $67.96. 993,559 shares of the company’s stock were exchanged, compared to its average volume of 709,161. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a 50 day moving average price of $62.57 and a 200-day moving average price of $61.05. The company has a market cap of $6.59 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 3.30 and a beta of 0.89. Terreno Realty Co. has a 12 month low of $50.42 and a 12 month high of $69.74.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, September 30th. 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 2.88%. Terreno Realty’s payout ratio is presently 93.75%.

Institutional Investors Weigh In On Terreno Realty

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans increased its position in shares of Terreno Realty by 238.3% during the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock worth $78,587,000 after acquiring an additional 935,418 shares in the last quarter. Sei Investments Co. boosted its holdings in Terreno Realty by 27.0% during the second quarter. Sei Investments Co. now owns 482,394 shares of the real estate investment trust’s stock worth $28,549,000 after purchasing an additional 102,456 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Terreno Realty by 1.8% during the second quarter. Pacer Advisors Inc. now owns 116,310 shares of the real estate investment trust’s stock worth $6,883,000 after purchasing an additional 2,059 shares during the last quarter. MQS Management LLC purchased a new position in Terreno Realty during the second quarter worth about $310,000. Finally, XTX Topco Ltd purchased a new position in Terreno Realty during the second quarter worth about $414,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Scotiabank cut their price target on shares of Terreno Realty from $66.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. JMP Securities lifted 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. BNP Paribas began coverage on shares of Terreno Realty in a report on Tuesday, June 4th. They issued an “outperform” rating and a $68.00 target price on the stock. Finally, The Goldman Sachs Group boosted their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.44.

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.