IFM Investors Pty Ltd Has $920,000 Holdings in Terreno Realty Corporation $TRNO

IFM Investors Pty Ltd lowered its position in Terreno Realty Corporation (NYSE:TRNO) by 17.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,403 shares of the real estate investment trust’s stock after selling 3,394 shares during the quarter. IFM Investors Pty Ltd’s holdings in Terreno Realty were worth $920,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake in shares of Terreno Realty by 304.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 350 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Terreno Realty by 90.2% in the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 378 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Terreno Realty by 143.6% in the 1st quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 655 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Terreno Realty by 840.2% in the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 1,109 shares in the last quarter. Finally, GF Fund Management CO. LTD. bought a new position in shares of Terreno Realty in the fourth quarter valued at about $104,000.

Terreno Realty Price Performance

Shares of NYSE TRNO opened at $58.47 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $69.82. The firm’s 50-day moving average price is $56.65 and its 200-day moving average price is $57.82. The firm has a market capitalization of $6.04 billion, a P/E ratio of 23.20, a P/E/G ratio of 2.51 and a beta of 1.06.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be issued a $0.52 dividend. The ex-dividend date is Monday, September 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Terreno Realty’s previous quarterly dividend of $0.49. Terreno Realty’s dividend payout ratio (DPR) is currently 77.78%.

Analysts Set New Price Targets

TRNO has been the topic of several recent research reports. Barclays raised their price target on Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, September 15th. KeyCorp decreased their price objective on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, August 21st. The Goldman Sachs Group set a $64.00 price target on Terreno Realty and gave the company a “buy” rating in a report on Tuesday, August 12th. Piper Sandler raised their target price on shares of Terreno Realty from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. Finally, Wells Fargo & Company dropped their target price on Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $63.00.

Insider Buying and Selling

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $53.96, for a total transaction of $539,600.00. Following the transaction, the president directly owned 412,415 shares in the company, valued at approximately $22,253,913.40. This trade represents a 2.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

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.