MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $3.72 Million Holdings 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. lifted its holdings in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 8.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,778 shares of the real estate investment trust's stock after acquiring an additional 4,381 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Terreno Realty worth $3,716,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TRNO. Nuveen LLC bought a new position in Terreno Realty in the 1st quarter worth approximately $83,095,000. Price T Rowe Associates Inc. MD raised its position in Terreno Realty by 14.4% in 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 purchasing an additional 523,950 shares during the last quarter. Ameriprise Financial Inc. raised its position in 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 worth $17,331,000 after purchasing an additional 213,676 shares during the last quarter. Eisler Capital Management Ltd. bought a new position in Terreno Realty in the 1st quarter worth approximately $9,299,000. Finally, T. Rowe Price Investment Management Inc. raised its position in Terreno Realty by 2.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,271,442 shares of the real estate investment trust's stock worth $333,261,000 after purchasing an additional 125,940 shares during the last quarter.

Wall Street Analyst Weigh In

TRNO has been the subject of several research analyst reports. KeyCorp dropped their price objective on shares of Terreno Realty from $70.00 to $64.00 and set an "overweight" rating for the company in a research report on Thursday, August 21st. Barclays upped their target price on shares of Terreno Realty from $56.00 to $57.00 and gave the company an "equal weight" rating in a research report on Monday. The Goldman Sachs Group set a $64.00 target price on shares of Terreno Realty and gave the company a "buy" rating in a research report on Tuesday, August 12th. Piper Sandler upped their target price on shares of Terreno Realty from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Wells Fargo & Company dropped their target price on shares of 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. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $63.00.

Terreno Realty Trading Up 1.3%

Shares of TRNO stock traded up $0.77 on Thursday, hitting $58.67. The stock had a trading volume of 690,582 shares, compared to its average volume of 723,378. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $69.82. The firm has a market cap of $6.06 billion, a P/E ratio of 23.28, a PEG ratio of 2.46 and a beta of 1.06. 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 fifty day moving average price of $56.58 and a two-hundred day moving average price of $58.09.

Terreno Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be issued a $0.52 dividend. This is a positive change from Terreno Realty's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.08 annualized dividend and a dividend yield of 3.5%. Terreno Realty's dividend payout ratio (DPR) is presently 77.78%.

Insider Activity

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

Terreno Realty 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.