Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Terreno Realty Co. (NYSE:TRNO – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,395 shares of the real estate investment trust’s stock, valued at approximately $119,000.
Several other large investors have also recently added to or reduced their stakes in TRNO. FinTrust Capital Advisors LLC boosted its holdings in Terreno Realty by 74.5% in the third quarter. FinTrust Capital Advisors LLC now owns 642 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 274 shares during the last quarter. Total Clarity Wealth Management Inc. bought a new stake in Terreno Realty in the fourth quarter valued at approximately $51,000. CWM LLC bought a new stake in Terreno Realty in the fourth quarter valued at approximately $55,000. Exchange Traded Concepts LLC bought a new stake in Terreno Realty in the fourth quarter valued at approximately $107,000. Finally, Moors & Cabot Inc. bought a new stake in Terreno Realty in the third quarter valued at approximately $108,000.
NYSE TRNO traded down $1.31 during trading hours on Thursday, hitting $62.60. The company had a trading volume of 51,675 shares, compared to its average volume of 380,138. Terreno Realty Co. has a 52 week low of $61.24 and a 52 week high of $86.00. The firm has a 50 day simple moving average of $72.58 and a 200 day simple moving average of $74.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.54 and a current ratio of 2.43. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 51.96 and a beta of 0.69.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th will be issued a $0.34 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $1.36 annualized dividend and a dividend yield of 2.17%. Terreno Realty’s payout ratio is currently 110.57%.
In other news, CEO W Blake Baird acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were bought at an average cost of $64.00 per share, with a total value of $64,000.00. Following the acquisition, the chief executive officer now owns 588,376 shares in the company, valued at approximately $37,656,064. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.
Several brokerages recently commented on TRNO. Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Wednesday, April 13th. StockNews.com began coverage on Terreno Realty in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Mizuho upped their target price on Terreno Realty from $65.00 to $76.00 in a research report on Thursday, January 13th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $80.57.
Terreno Realty Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Terreno Realty (TRNO)
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