Terreno Realty Corporation $TRNO Shares Purchased by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC increased its stake in Terreno Realty Corporation by 12.7%, acquiring an additional 9,585 shares during the first quarter, bringing its total ownership to 85,085 shares valued at about $5.38 million.
• Terreno Realty has declared a quarterly dividend of $0.52 per share, which reflects an increase from the previous dividend of $0.49, and will be paid on October 10th.
• Wall Street analysts have mixed ratings for Terreno Realty, with a consensus target price of $64.00, indicating a general sentiment of Hold from most analysts.

Aptus Capital Advisors LLC raised its holdings in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 12.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,085 shares of the real estate investment trust's stock after buying an additional 9,585 shares during the quarter. Aptus Capital Advisors LLC owned about 0.08% of Terreno Realty worth $5,379,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Terreno Realty in the 1st quarter valued at $83,095,000. Deutsche Bank AG increased its position in shares of Terreno Realty by 287.6% in the 4th quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust's stock valued at $91,454,000 after acquiring an additional 1,147,404 shares during the period. Northern Trust Corp increased its position in shares of Terreno Realty by 51.6% in the 4th quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock valued at $109,150,000 after acquiring an additional 628,065 shares during the period. Deprince Race & Zollo Inc. acquired a new position in shares of Terreno Realty in the 4th quarter valued at $25,805,000. Finally, Ameriprise Financial Inc. increased its position in shares of Terreno Realty by 269.2% in the 4th quarter. Ameriprise Financial Inc. now owns 293,038 shares of the real estate investment trust's stock valued at $17,331,000 after acquiring an additional 213,676 shares during the period.

Terreno Realty Price Performance

Shares of NYSE:TRNO traded down $0.3570 during trading on Monday, reaching $57.4130. 179,492 shares of the company's stock traded hands, compared to its average volume of 915,338. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $71.63. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.93 billion, a PE ratio of 22.81, a P/E/G ratio of 2.46 and a beta of 1.02. The company has a 50-day simple moving average of $56.31 and a 200-day simple moving average of $59.18.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders 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. 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 payout ratio is 82.54%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company set a $72.00 target price on Terreno Realty in a research report on Sunday, July 13th. KeyCorp cut their target price on Terreno Realty from $70.00 to $64.00 and set an "overweight" rating on the stock in a research report on Thursday. Wall Street Zen raised Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Barclays cut their target price on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 27th. Finally, The Goldman Sachs Group set a $64.00 price target on 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.com, Terreno Realty has an average rating of "Hold" and a consensus price target of $64.00.

Insider Activity at Terreno Realty

In other news, President Michael A. Coke sold 10,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $53.96, for a total transaction of $539,600.00. Following the sale, the president directly owned 412,415 shares in the company, valued at $22,253,913.40. This trade represents a 2.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is owned by company insiders.

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.