Terreno Realty Corporation $TRNO Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group plc has increased its holdings in Terreno Realty Corporation by 29.0%, now owning 419,639 shares valued at approximately $26.53 million.
• The quarterly dividend has been raised to $0.52 per share, effective for shareholders on record from September 29th, representing a yield of 3.7%.
• Current consensus ratings for Terreno Realty show two Buy ratings, seven Hold ratings, and one Sell rating, with a price target set at $64.00.

Aberdeen Group plc lifted its position in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 29.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 419,639 shares of the real estate investment trust's stock after purchasing an additional 94,305 shares during the period. Aberdeen Group plc owned about 0.41% of Terreno Realty worth $26,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TRNO. Quarry LP lifted its stake in shares of Terreno Realty by 613.7% in the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 626 shares during the period. Blue Trust Inc. lifted its stake 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 valued at $70,000 after purchasing an additional 655 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of Terreno Realty in the 4th quarter valued at $71,000. GAMMA Investing LLC lifted its stake 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 valued at $78,000 after purchasing an additional 1,109 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new position in shares of Terreno Realty in the 4th quarter valued at $104,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TRNO. Barclays decreased their target price on shares of Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 27th. KeyCorp decreased their target price on shares of Terreno Realty from $70.00 to $64.00 and set an "overweight" rating for the company in a research note on Thursday. Wells Fargo & Company set a $72.00 target price on shares of Terreno Realty in a research note on Sunday, July 13th. Wall Street Zen upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, 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 report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $64.00.

Terreno Realty Price Performance

NYSE:TRNO traded up $2.4140 during trading hours on Friday, reaching $57.7740. 1,074,144 shares of the company were exchanged, compared to its average volume of 779,404. 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 stock's 50-day moving average is $56.31 and its 200-day moving average is $59.24. The firm has a market cap of $5.97 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $71.63.

Terreno Realty Increases Dividend

The business also recently disclosed 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. This is a boost from Terreno Realty's previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, September 29th. Terreno Realty's dividend payout ratio (DPR) is currently 77.78%.

Insiders Place Their Bets

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the company's stock in a transaction 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 transaction, the president directly owned 412,415 shares in the company, valued at approximately $22,253,913.40. This represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.40% 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.