Terreno Realty Co. (NYSE:TRNO – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 2,980,000 shares, a drop of 16.1% from the September 30th total of 3,550,000 shares. Based on an average daily volume of 684,900 shares, the short-interest ratio is currently 4.4 days.
Insider Buying and Selling
In other news, EVP John Tull Meyer sold 6,145 shares of Terreno Realty stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $68.64, for a total transaction of $421,792.80. Following the completion of the transaction, the executive vice president now directly owns 110,988 shares in the company, valued at approximately $7,618,216.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP John Tull Meyer sold 6,145 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.64, for a total value of $421,792.80. Following the transaction, the executive vice president now directly owns 110,988 shares of the company’s stock, valued at $7,618,216.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael A. Coke sold 7,500 shares of Terreno Realty stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.53, for a total transaction of $513,975.00. Following the sale, the president now directly owns 402,164 shares of the company’s stock, valued at $27,560,298.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,643 shares of company stock worth $1,277,581. Company insiders own 2.40% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in shares of Terreno Realty during the 3rd quarter valued at approximately $26,000. Whittier Trust Co. increased its holdings in shares of Terreno Realty by 123.4% during the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 337 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Terreno Realty during the second quarter worth $48,000. EntryPoint Capital LLC boosted its holdings in shares of Terreno Realty by 80.3% during the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 419 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Terreno Realty by 6,580.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 987 shares in the last quarter.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on TRNO
Terreno Realty Price Performance
Shares of NYSE:TRNO traded up $0.19 during midday trading on Wednesday, hitting $61.36. The stock had a trading volume of 590,461 shares, compared to its average volume of 701,760. The company’s 50-day moving average price is $66.56 and its 200-day moving average price is $62.53. Terreno Realty has a fifty-two week low of $52.42 and a fifty-two week high of $71.63. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $5.93 billion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 2.84 and a beta of 0.90.
Terreno Realty (NYSE:TRNO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.17). The firm had revenue of $94.25 million for the quarter, compared to analyst estimates of $89.07 million. Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. As a group, equities research analysts predict that Terreno Realty will post 2.41 EPS for the current fiscal year.
Terreno Realty Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a yield of 3.19%. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.
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.
Recommended Stories
- Five stocks we like better than Terreno Realty
- Stock Sentiment Analysis: How it Works
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- The Basics of Support and Resistance
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- What Are Dividend Achievers? An Introduction
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
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.