Insider Selling: Terreno Realty (NYSE:TRNO) President Sells $547,040.00 in Stock

Key Points

• Terreno Realty President Michael Coke sold 8,000 shares at an average price of $68.38, generating $547,040; his remaining direct stake is valued at approximately $29.1 million.
• TRNO shares fell 0.7% to $68.25, while the company reported quarterly EPS of $0.54—beating estimates of $0.41—on revenue of $124.71 million.
• Terreno Realty raised its quarterly dividend from $0.52 to $0.57 per share, equivalent to a $2.28 annualized payout and a 3.3% yield; analysts maintain a consensus “Moderate Buy” rating with a $71.93 average target price.

Terreno Realty Corporation (NYSE:TRNO - Get Free Report) President Michael Coke sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $68.38, for a total transaction of $547,040.00. Following the completion of the sale, the president directly owned 425,381 shares in the company, valued at approximately $29,087,552.78. This trade represents a 1.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Terreno Realty Stock Down 0.7%

NYSE TRNO traded down $0.51 on Monday, hitting $68.25. 680,568 shares of the stock were exchanged, compared to its average volume of 773,818. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.22. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $78.94. The company has a market cap of $7.44 billion, a PE ratio of 18.30 and a beta of 1.03. The company has a 50-day moving average price of $68.33 and a 200-day moving average price of $65.74.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. The company had revenue of $124.71 million for the quarter, compared to the consensus estimate of $127.15 million. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. Sell-side analysts anticipate that Terreno Realty Corporation will post 2.82 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.57 per share. This is a boost from Terreno Realty's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. Terreno Realty's dividend payout ratio is 55.76%.

Hedge Funds Weigh In On Terreno Realty

Several institutional investors have recently bought and sold shares of TRNO. EverSource Wealth Advisors LLC increased its holdings in shares of Terreno Realty by 57.0% during the first quarter. EverSource Wealth Advisors LLC now owns 438 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 159 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Terreno Realty by 52.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 172 shares during the period. UMB Bank n.a. grew its position in Terreno Realty by 49.4% in the 4th quarter. UMB Bank n.a. now owns 535 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 177 shares in the last quarter. First Horizon Corp increased its stake in Terreno Realty by 41.5% during the 4th quarter. First Horizon Corp now owns 651 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 191 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in Terreno Realty by 15.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust's stock valued at $81,000 after buying an additional 193 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TRNO. Raymond James Financial initiated coverage on shares of Terreno Realty in a report on Wednesday, June 17th. They issued an "underperform" rating for the company. Robert W. Baird set a $69.00 price objective on Terreno Realty in a report on Friday, May 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Terreno Realty in a research report on Friday, July 31st. Piper Sandler boosted their target price on Terreno Realty from $79.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Finally, Scotiabank decreased their target price on Terreno Realty from $70.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.93.

About Terreno Realty

Terreno Realty Corporation NYSE: TRNO is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company's portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.

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