Terreno Realty Co. (NYSE:TRNO) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC decreased its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 16.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,859 shares of the real estate investment trust’s stock after selling 15,641 shares during the period. Easterly Investment Partners LLC’s holdings in Terreno Realty were worth $4,785,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TRNO. Mather Group LLC. bought a new position in shares of Terreno Realty during the first quarter worth about $31,000. SRS Capital Advisors Inc. lifted its position in shares of Terreno Realty by 337.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 408 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Terreno Realty by 123.4% during the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 337 shares during the last quarter. EntryPoint Capital LLC lifted its position in shares of Terreno Realty by 80.3% during the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 419 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Terreno Realty by 58.2% during the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 438 shares during the last quarter.

Insider Activity at Terreno Realty

In other Terreno Realty news, President Michael A. Coke sold 7,500 shares of Terreno Realty stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.53, for a total value of $513,975.00. Following the transaction, the president now owns 402,164 shares in the company, valued at $27,560,298.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, President Michael A. Coke sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.53, for a total value of $513,975.00. Following the completion of the transaction, the president now owns 402,164 shares of the company’s stock, valued at approximately $27,560,298.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 completion of the transaction, the chief financial officer now directly owns 101,927 shares of the company’s stock, valued at approximately $6,970,787.53. The disclosure for this sale can be found here. Insiders have sold 18,643 shares of company stock worth $1,277,581 over the last quarter. 2.40% of the stock is currently owned by company insiders.

Terreno Realty Price Performance

Shares of NYSE TRNO traded up $2.02 during mid-day trading on Friday, reaching $71.02. 932,671 shares of the company traded hands, compared to its average volume of 607,296. Terreno Realty Co. has a fifty-two week low of $50.42 and a fifty-two week high of $71.17. 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 firm has a market cap of $6.88 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 3.17 and a beta of 0.89. The stock has a fifty day simple moving average of $64.62 and a 200-day simple moving average of $61.55.

Terreno Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.45. Terreno Realty’s dividend payout ratio (DPR) is currently 93.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wedbush reissued a “neutral” rating and issued a $70.00 target price (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. The Goldman Sachs Group raised their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. JMP Securities raised their target price 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. BNP Paribas assumed 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, Scotiabank cut their target price 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. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.89.

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.