Wellington Management Group LLP Purchases 53,557 Shares of Terreno Realty Corporation $TRNO

Key Points

• Wellington Management Group LLP has increased its stake in Terreno Realty Corporation by 7.6%, now owning 762,764 shares worth approximately $48.2 million.
• Terreno Realty announced a quarterly dividend of $0.52, up from $0.49, with an ex-dividend date on September 29th, reflecting an annual yield of 3.6%.
• Analyst ratings for Terreno Realty vary, with a consensus rating of "Hold" and a price target averaging around $64.00, while brokerages have issued a range of buy and sell recommendations.

Wellington Management Group LLP increased its holdings in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 762,764 shares of the real estate investment trust's stock after acquiring an additional 53,557 shares during the period. Wellington Management Group LLP owned about 0.74% of Terreno Realty worth $48,222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Aptus Capital Advisors LLC raised its holdings in shares of Terreno Realty by 12.7% in the 1st quarter. Aptus Capital Advisors LLC now owns 85,085 shares of the real estate investment trust's stock worth $5,379,000 after acquiring an additional 9,585 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Terreno Realty by 2.7% in 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 acquiring an additional 49,494 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in shares of Terreno Realty by 2.2% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 9,297 shares of the real estate investment trust's stock worth $588,000 after acquiring an additional 200 shares during the last quarter. Aberdeen Group plc increased its stake in Terreno Realty by 29.0% in the 1st quarter. Aberdeen Group plc now owns 419,639 shares of the real estate investment trust's stock valued at $26,530,000 after buying an additional 94,305 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its stake in Terreno Realty by 37.1% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 23,002 shares of the real estate investment trust's stock valued at $1,454,000 after buying an additional 6,227 shares during the last quarter.

Insiders Place Their Bets

In related news, President Michael A. Coke sold 10,000 shares of Terreno Realty stock in a transaction that occurred 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 directly owned 412,415 shares in the company, valued at approximately $22,253,913.40. The trade was a 2.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on TRNO. KeyCorp decreased 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 note on Thursday, August 21st. Barclays decreased 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 research note on Tuesday, May 27th. Wells Fargo & Company decreased their price objective on shares of Terreno Realty from $63.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday. Wall Street Zen upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, The Goldman Sachs Group set a $64.00 price objective on shares of Terreno Realty and gave the company a "buy" rating in a research note on Tuesday, August 12th. Three equities research 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 MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $62.80.

Terreno Realty Stock Performance

Shares of Terreno Realty stock traded down $0.46 on Thursday, reaching $57.37. 255,871 shares of the company traded hands, compared to its average volume of 916,441. Terreno Realty Corporation has a 52 week low of $48.18 and a 52 week high of $70.10. The company has a 50 day moving average of $56.28 and a 200 day moving average of $59.10. The firm has a market capitalization of $5.93 billion, a PE ratio of 22.77, a PEG ratio of 2.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.75 and a quick ratio of 1.75.

Terreno Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $0.52 dividend. The ex-dividend date is Monday, September 29th. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Terreno Realty's previous quarterly dividend of $0.49. Terreno Realty's dividend payout ratio (DPR) is presently 82.54%.

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.