CW Advisors LLC Purchases 46,185 Shares of Terreno Realty Corporation $TRNO

Key Points

• CW Advisors LLC increased its stake in Terreno Realty Corporation by 25.9%, acquiring an additional 46,185 shares to total 224,517 shares worth $14.19 million.
• Terreno Realty recently announced a quarterly dividend increase from $0.49 to $0.52 per share, representing a 3.8% yield and an annualized dividend of $2.08.
• Analyst ratings vary, with three showing a "Buy" rating, seven a "Hold," and one a "Sell," while the average target price for TRNO is $64.00.

CW Advisors LLC raised its position in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 25.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 224,517 shares of the real estate investment trust's stock after purchasing an additional 46,185 shares during the period. CW Advisors LLC owned 0.22% of Terreno Realty worth $14,194,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TRNO. Nuveen LLC bought a new stake in shares of Terreno Realty in the 1st quarter worth approximately $83,095,000. Deutsche Bank AG grew its position in Terreno Realty by 287.6% in the fourth quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust's stock worth $91,454,000 after acquiring an additional 1,147,404 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Terreno Realty by 51.6% during the 4th quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock worth $109,150,000 after buying an additional 628,065 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Terreno Realty by 14.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,158,754 shares of the real estate investment trust's stock worth $262,918,000 after buying an additional 523,950 shares during the period. Finally, Deprince Race & Zollo Inc. acquired a new position in Terreno Realty during the 4th quarter valued at $25,805,000.

Terreno Realty Price Performance

Shares of Terreno Realty stock traded up $0.36 on Wednesday, reaching $57.55. 607,035 shares of the stock were exchanged, compared to its average volume of 916,603. The firm has a market cap of $5.94 billion, a PE ratio of 22.84, a P/E/G ratio of 2.46 and a beta of 1.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.75. Terreno Realty Corporation has a one year low of $48.18 and a one year high of $70.10. The firm's 50 day moving average is $56.29 and its 200-day moving average is $59.10.

Terreno Realty Increases Dividend

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, President Michael A. Coke sold 10,000 shares of the firm's stock in a transaction that occurred 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 sale, the president owned 412,415 shares of the company's stock, valued at $22,253,913.40. This trade represents a 2.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.00% 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.