Vanguard Personalized Indexing Management LLC Buys Shares of 8,318 Terreno Realty Corporation $TRNO

Key Points

• Vanguard Personalized Indexing Management LLC acquired 8,318 shares of Terreno Realty Corporation, valued at approximately $466,000, during the second quarter.
• Terreno Realty recently declared a quarterly dividend of $0.52 per share, an increase from the previous $0.49, representing an annualized basis of $2.08 and a dividend yield of 3.4%.
• Analysts have mixed ratings on Terreno Realty, with target prices ranging from $60.00 to $71.00, and an average consensus target price of $65.00.

Vanguard Personalized Indexing Management LLC bought a new stake in Terreno Realty Corporation (NYSE:TRNO - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,318 shares of the real estate investment trust's stock, valued at approximately $466,000.

Other institutional investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its position in shares of Terreno Realty by 2.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,271,442 shares of the real estate investment trust's stock valued at $333,261,000 after acquiring an additional 125,940 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position 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 valued at $262,918,000 after acquiring an additional 523,950 shares in the last quarter. Invesco Ltd. grew its stake in Terreno Realty by 5.2% during the 1st quarter. Invesco Ltd. now owns 1,930,096 shares of the real estate investment trust's stock worth $122,021,000 after buying an additional 95,714 shares during the last quarter. Northern Trust Corp grew its stake in Terreno Realty by 2.7% during the 1st quarter. Northern Trust Corp now owns 1,895,115 shares of the real estate investment trust's stock worth $119,809,000 after buying an additional 49,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Terreno Realty by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,884,086 shares of the real estate investment trust's stock worth $119,112,000 after purchasing an additional 45,583 shares in the last quarter.

Insider Buying and Selling 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 completion of the sale, the president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is owned by company insiders.

Terreno Realty Stock Down 0.7%

Shares of Terreno Realty stock opened at $61.12 on Thursday. The stock has a 50-day moving average price of $57.80 and a 200 day moving average price of $57.04. The company has a market cap of $6.31 billion, a P/E ratio of 24.25, a P/E/G ratio of 2.65 and a beta of 1.04. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. Terreno Realty Corporation has a 1 year low of $48.18 and a 1 year high of $69.20.

Terreno Realty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were paid 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 of this dividend was Monday, September 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. Terreno Realty's dividend payout ratio (DPR) is 82.54%.

Analyst Upgrades and Downgrades

TRNO has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price target on Terreno Realty from $63.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Cantor Fitzgerald began coverage on Terreno Realty in a research note on Wednesday, October 1st. They set an "overweight" rating and a $70.00 target price for the company. KeyCorp decreased their target price on Terreno Realty from $70.00 to $64.00 and set an "overweight" rating for the company in a research note on Thursday, August 21st. Piper Sandler raised their target price on Terreno Realty from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, September 18th. Finally, UBS Group set a $71.00 target price on Terreno Realty in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $65.00.

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.

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