J.P. Morgan Private Wealth Advisors LLC Lowers Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

J.P. Morgan Private Wealth Advisors LLC trimmed its holdings in shares of Terreno Realty Co. (NYSE:TRNOFree Report) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,369 shares of the real estate investment trust’s stock after selling 852 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Terreno Realty were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in Terreno Realty during the 1st quarter worth $28,000. Ronald Blue Trust Inc. lifted its holdings in Terreno Realty by 93.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 537 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 260 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in Terreno Realty in the 2nd quarter worth $49,000. Lazard Asset Management LLC acquired a new position in Terreno Realty in the 4th quarter worth $89,000. Finally, Covestor Ltd lifted its holdings in Terreno Realty by 14.6% in the 2nd quarter. Covestor Ltd now owns 3,047 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 388 shares in the last quarter.

Insider Buying and Selling

In other Terreno Realty news, Director Leroy E. Carlson sold 5,000 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $58.77, for a total value of $293,850.00. Following the sale, the director now directly owns 34,871 shares of the company’s stock, valued at $2,049,368.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Leroy E. Carlson sold 5,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $58.77, for a total transaction of $293,850.00. Following the completion of the transaction, the director now owns 34,871 shares of the company’s stock, valued at $2,049,368.67. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Melinda Weston sold 1,500 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $62.06, for a total transaction of $93,090.00. Following the transaction, the chief accounting officer now directly owns 15,683 shares of the company’s stock, valued at approximately $973,286.98. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TRNO shares. StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Mizuho cut their price objective on shares of Terreno Realty from $67.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, December 5th. Piper Sandler cut their target price on shares of Terreno Realty from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, November 10th. Wells Fargo & Company initiated coverage on shares of Terreno Realty in a research note on Thursday, December 7th. They issued an “overweight” rating and a $71.00 target price on the stock. Finally, The Goldman Sachs Group upped their target price on shares of Terreno Realty from $60.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $64.71.

View Our Latest Report on Terreno Realty

Terreno Realty Price Performance

TRNO opened at $63.29 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.68 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $61.60 and its 200 day moving average price is $58.83. Terreno Realty Co. has a fifty-two week low of $50.42 and a fifty-two week high of $65.13. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 33.14 and a beta of 0.80.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Wednesday, March 27th. Terreno Realty’s payout ratio is 94.24%.

Terreno Realty Profile

(Free Report)

Terreno Realty Corporation ("Terreno", and together with its subsidiaries, "we", "us", "our", "our Company", or "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 We invest in several types of industrial real estate, including warehouse/distribution (approximately 76.3% of our total annualized base rent as of September 30, 2023), flex (including light industrial and research and development, or R&D) (approximately 3.8%), transshipment (approximately 6.7%) and improved land (approximately 13.2%).

See Also

Want to see what other hedge funds are holding TRNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terreno Realty Co. (NYSE:TRNOFree Report).

Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.