Sumitomo Mitsui Trust Holdings Inc. Reduces Stock Position in Terreno Realty Co. (NYSE:TRNO)

Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in shares of Terreno Realty Co. (NYSE:TRNO – Get Rating) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 488,037 shares of the real estate investment trust’s stock after selling 7,016 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.65% of Terreno Realty worth $36,139,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. USA Financial Portformulas Corp bought a new stake in Terreno Realty during the 4th quarter valued at $39,000. Total Clarity Wealth Management Inc. bought a new stake in Terreno Realty during the 4th quarter valued at $51,000. First Eagle Investment Management LLC bought a new stake in Terreno Realty during the 4th quarter valued at $51,000. CWM LLC bought a new stake in Terreno Realty during the 4th quarter valued at $55,000. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in Terreno Realty during the 4th quarter valued at $119,000.

Analysts Set New Price Targets

Several research analysts have recently commented on TRNO shares. Mizuho reduced their price target on Terreno Realty from $76.00 to $64.00 and set a “na” rating for the company in a research report on Tuesday, May 17th. Jefferies Financial Group reduced their price target on Terreno Realty from $88.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. The Goldman Sachs Group reduced their price target on Terreno Realty from $79.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, June 16th. KeyCorp reduced their price target on Terreno Realty from $86.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, June 28th. Finally, JMP Securities assumed coverage on Terreno Realty in a research report on Wednesday, May 18th. They set an “outperform” rating and a $75.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Terreno Realty presently has an average rating of “Moderate Buy” and a consensus target price of $74.33.

Terreno Realty Stock Up 2.0 %

Terreno Realty stock opened at $56.47 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.43 and a current ratio of 2.43. The business’s 50-day simple moving average is $58.97 and its two-hundred day simple moving average is $68.37. The company has a market cap of $4.27 billion, a PE ratio of 45.18 and a beta of 0.72. Terreno Realty Co. has a fifty-two week low of $54.51 and a fifty-two week high of $86.00.

Terreno Realty (NYSE:TRNO – Get Rating) last issued its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.20). Terreno Realty had a return on equity of 4.79% and a net margin of 38.50%. The company had revenue of $64.04 million during the quarter, compared to analysts’ expectations of $62.16 million. Equities analysts anticipate that Terreno Realty Co. will post 1.92 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, June 30th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.41%. Terreno Realty’s payout ratio is 108.80%.

Insider Transactions at Terreno Realty

In other Terreno Realty news, CEO W Blake Baird purchased 1,000 shares of the stock in a transaction on Monday, May 9th. The shares were bought at an average price of $64.00 per share, for a total transaction of $64,000.00. Following the completion of the transaction, the chief executive officer now owns 588,376 shares of the company’s stock, valued at approximately $37,656,064. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

Terreno Realty Profile

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Terreno Realty Corporation 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 condensed notes to the consolidated financial statements are unaudited.

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