MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $3.72 Million Stake in Terreno Realty Corporation $TRNO

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its ownership in Terreno Realty Corporation by 8.1%, now holding 58,778 shares worth approximately $3.7 million.
• Terreno Realty declared a quarterly dividend increase to $0.52 per share, up from $0.49, with an annualized yield of 3.6% set to be paid on October 10th.
• Analysts have mixed views on Terreno Realty, with price targets ranging from $56.00 to $64.00 and an average rating of "Hold."

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,778 shares of the real estate investment trust's stock after buying an additional 4,381 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Terreno Realty worth $3,716,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Terreno Realty by 143.6% during the first 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of Terreno Realty by 840.2% during the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust's stock valued at $78,000 after acquiring an additional 1,109 shares during the period. GF Fund Management CO. LTD. purchased a new stake in Terreno Realty in the 4th quarter worth $104,000. Archer Investment Corp bought a new position in shares of Terreno Realty during the 1st quarter valued at about $160,000. Finally, Portside Wealth Group LLC purchased a new stake in shares of Terreno Realty during the 1st quarter valued at about $202,000.

Terreno Realty Stock Performance

NYSE:TRNO traded down $0.25 during mid-day trading on Monday, reaching $58.31. The stock had a trading volume of 677,031 shares, compared to its average volume of 725,507. The business has a 50 day simple moving average of $56.49 and a 200 day simple moving average of $58.15. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 2.49 and a beta of 1.06. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $70.10. 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 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 paid a dividend of $0.52 per share. This is an increase 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 of this dividend is Monday, September 29th. Terreno Realty's payout ratio is 77.78%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Wells Fargo & Company cut their price objective on Terreno Realty from $63.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. 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 note on Tuesday, August 12th. KeyCorp decreased 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, August 21st. Finally, Barclays increased their price objective on shares of Terreno Realty from $56.00 to $57.00 and gave the company an "equal weight" rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.00.

Insiders Place Their Bets

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the business'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 directly owned 412,415 shares in the company, valued at $22,253,913.40. The trade was a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

About Terreno Realty

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.