Vestmark Advisory Solutions Inc. Has $1.45 Million Holdings in Terreno Realty Corporation $TRNO

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Terreno Realty Corporation by 37.1% during the first quarter, owning 23,002 shares worth approximately $1.45 million.
• Terreno Realty announced a dividend increase to $0.52 per share, up from $0.49, reflecting a 3.8% yield for shareholders of record by September 29th.
• Analysts have mixed ratings on Terreno Realty, with eight holding a hold rating, two a buy rating, and one a sell rating, while the average target price is set at $64.00.

Vestmark Advisory Solutions Inc. grew its position in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 37.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,002 shares of the real estate investment trust's stock after acquiring an additional 6,227 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Terreno Realty were worth $1,454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TRNO. Quarry LP boosted its position in Terreno Realty by 613.7% during the fourth 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 last quarter. Blue Trust Inc. raised its stake in shares of Terreno Realty by 143.6% during the 1st quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 655 shares in the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of Terreno Realty during the 4th quarter worth approximately $71,000. GAMMA Investing LLC boosted its holdings 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 buying an additional 1,109 shares during the last quarter. Finally, GF Fund Management CO. LTD. bought a new position in shares of Terreno Realty in the fourth quarter valued at $104,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on TRNO. KeyCorp dropped 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 report on Thursday. Barclays decreased 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. Wall Street Zen upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Wells Fargo & Company set a $72.00 target price on Terreno Realty in a research report on Sunday, July 13th. 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 analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Terreno Realty currently has a consensus rating of "Hold" and a consensus price target of $64.00.

Insider Activity

In related 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.40% of the company's stock.

Terreno Realty Trading Down 0.7%

Terreno Realty stock traded down $0.38 during trading hours on Thursday, hitting $55.26. The stock had a trading volume of 470,075 shares, compared to its average volume of 916,726. The business's 50 day simple moving average is $56.41 and its 200-day simple moving average is $59.42. Terreno Realty Corporation has a one year low of $48.18 and a one year high of $71.63. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.37 and a beta of 1.02. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, September 29th. This is a positive change from Terreno Realty's previous quarterly dividend of $0.49. Terreno Realty's payout ratio is presently 77.78%.

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.