Amundi Has $3.27 Million Position in Terreno Realty Corporation $TRNO

Amundi raised its stake in Terreno Realty Corporation (NYSE:TRNO) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,495 shares of the real estate investment trust’s stock after purchasing an additional 4,785 shares during the period. Amundi’s holdings in Terreno Realty were worth $3,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. grew its stake in shares of Terreno Realty by 143.6% in the first quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 655 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Terreno Realty by 840.2% in the first quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 1,109 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Terreno Realty in the fourth quarter valued at about $104,000. Archer Investment Corp acquired a new position in shares of Terreno Realty in the first quarter valued at about $160,000. Finally, Portside Wealth Group LLC acquired a new position in shares of Terreno Realty in the first quarter valued at about $202,000.

Insiders Place Their Bets

In other news, President Michael A. Coke sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $53.96, for a total transaction of $539,600.00. Following the completion of the sale, the president owned 412,415 shares of the company’s stock, valued at $22,253,913.40. This trade represents a 2.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.40% of the company’s stock.

Terreno Realty Stock Up 2.3%

Shares of NYSE TRNO opened at $58.69 on Friday. The company has a 50 day simple moving average of $56.43 and a 200 day simple moving average of $58.40. The firm has a market cap of $6.06 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.44 and a beta of 1.06. Terreno Realty Corporation has a 1 year low of $48.18 and a 1 year high of $70.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.75 and a quick ratio of 1.75.

Terreno Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.08 dividend on an annualized basis and a yield of 3.5%. This is a boost from Terreno Realty’s previous quarterly dividend of $0.49. Terreno Realty’s payout ratio is currently 77.78%.

Analyst Ratings Changes

TRNO has been the topic of several research reports. KeyCorp decreased their price target on shares of Terreno Realty from $70.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, August 21st. Wells Fargo & Company reduced their price objective on shares of Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Barclays reduced their price objective on shares of Terreno Realty from $57.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 27th. The Goldman Sachs Group set a $64.00 price objective on shares of Terreno Realty and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, May 20th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.89.

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.