Terreno Realty Co. (TRNO) Director Acquires $208,835.00 in Stock

Terreno Realty Co. (NYSE:TRNO) Director Gabriela Franco Parcella bought 5,500 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were acquired at an average price of $37.97 per share, with a total value of $208,835.00. Following the purchase, the director now directly owns 7,914 shares of the company’s stock, valued at approximately $300,494.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE:TRNO traded up $0.35 during mid-day trading on Thursday, reaching $37.69. The stock had a trading volume of 318,913 shares, compared to its average volume of 344,723. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.50. The company has a market cap of $2.12 billion, a P/E ratio of 34.53, a PEG ratio of 2.95 and a beta of 0.73. Terreno Realty Co. has a twelve month low of $31.56 and a twelve month high of $39.26.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Friday, July 6th will be given a $0.22 dividend. The ex-dividend date is Thursday, July 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.33%. Terreno Realty’s payout ratio is currently 80.73%.

Large investors have recently made changes to their positions in the stock. Schroder Investment Management Group increased its holdings in Terreno Realty by 31.9% in the first quarter. Schroder Investment Management Group now owns 2,054,124 shares of the real estate investment trust’s stock valued at $70,888,000 after buying an additional 496,655 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Terreno Realty by 7,196.3% in the first quarter. Nuveen Asset Management LLC now owns 441,354 shares of the real estate investment trust’s stock valued at $15,231,000 after buying an additional 435,305 shares in the last quarter. BlackRock Inc. increased its holdings in Terreno Realty by 5.2% in the fourth quarter. BlackRock Inc. now owns 6,368,876 shares of the real estate investment trust’s stock valued at $223,293,000 after buying an additional 312,221 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Terreno Realty by 120.6% in the fourth quarter. Wells Fargo & Company MN now owns 328,784 shares of the real estate investment trust’s stock valued at $11,528,000 after buying an additional 179,723 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Terreno Realty by 16.9% in the first quarter. Principal Financial Group Inc. now owns 1,202,060 shares of the real estate investment trust’s stock valued at $41,482,000 after buying an additional 173,521 shares in the last quarter. Hedge funds and other institutional investors own 98.58% of the company’s stock.

Several brokerages have recently weighed in on TRNO. National Securities reiterated a “buy” rating and set a $39.00 target price on shares of Terreno Realty in a research note on Tuesday, May 8th. Zacks Investment Research upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a research note on Saturday, May 5th. DA Davidson set a $50.00 target price on shares of Terreno Realty and gave the stock a “buy” rating in a research note on Friday, May 4th. Compass Point upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 18th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $37.00 price objective on shares of Terreno Realty in a research report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Terreno Realty has a consensus rating of “Buy” and an average target price of $38.82.

Terreno Realty Company Profile

Terreno Realty Corporation 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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.

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