Walleye Capital LLC Invests $1.51 Million in Terreno Realty Corporation $TRNO

Key Points

• Walleye Capital LLC purchased 23,873 shares of Terreno Realty Corporation ($TRNO) for approximately $1.5 million, marking a significant investment in the real estate investment trust during the first quarter.
• The company plans to pay a quarterly dividend of $0.52 on October 10th, an increase from the previous dividend of $0.49, reflecting a promising annualized yield of 3.6%.
• Terreno Realty's current market capitalization is $5.97 billion with a consensus rating of "Hold" from analysts, indicating cautious optimism about its performance moving forward.

Walleye Capital LLC purchased a new stake in Terreno Realty Corporation (NYSE:TRNO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 23,873 shares of the real estate investment trust's stock, valued at approximately $1,509,000.

Several other institutional investors have also added to or reduced their stakes in TRNO. Mariner LLC lifted its position in shares of Terreno Realty by 3.7% during the 4th quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust's stock valued at $264,000 after acquiring an additional 161 shares during the period. First Trust Advisors LP lifted its position in shares of Terreno Realty by 0.9% during the 4th quarter. First Trust Advisors LP now owns 30,612 shares of the real estate investment trust's stock valued at $1,810,000 after acquiring an additional 271 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Terreno Realty by 165.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,585 shares of the real estate investment trust's stock valued at $271,000 after acquiring an additional 2,860 shares during the period. State of Tennessee Department of Treasury bought a new stake in shares of Terreno Realty during the 4th quarter valued at $71,000. Finally, Voya Investment Management LLC lifted its position in shares of Terreno Realty by 2.7% during the 4th quarter. Voya Investment Management LLC now owns 31,667 shares of the real estate investment trust's stock valued at $1,873,000 after acquiring an additional 826 shares during the period.

Insider Activity at Terreno Realty

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $53.96, for a total value of $539,600.00. Following the sale, the president owned 412,415 shares in the company, valued at approximately $22,253,913.40. The trade was a 2.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.40% of the company's stock.

Terreno Realty Price Performance

TRNO traded up $0.88 on Thursday, reaching $57.89. The stock had a trading volume of 634,950 shares, compared to its average volume of 797,568. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $70.10. The firm has a 50-day moving average of $56.25 and a 200-day moving average of $58.70. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.43 and a beta of 1.06.

Terreno Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a $0.52 dividend. This is a boost from Terreno Realty's previous quarterly dividend of $0.49. 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%. Terreno Realty's dividend payout ratio is presently 77.78%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TRNO shares. Wells Fargo & Company cut their target price on Terreno Realty from $63.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Wall Street Zen raised Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Barclays lowered their price target on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, May 27th. The Goldman Sachs Group set a $64.00 price target on Terreno Realty and gave the stock a "buy" rating in a report on Tuesday, August 12th. Finally, KeyCorp lowered their price target on Terreno Realty from $70.00 to $64.00 and set an "overweight" rating for the company in a report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Terreno Realty currently has an average rating of "Hold" and a consensus target price of $62.80.

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.