Impax Asset Management Group plc Sells 40,000 Shares of Terreno Realty Co. (NYSE:TRNO)

Impax Asset Management Group plc trimmed its position in shares of Terreno Realty Co. (NYSE:TRNO) by 26.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,000 shares of the real estate investment trust’s stock after selling 40,000 shares during the quarter. Impax Asset Management Group plc owned approximately 0.11% of Terreno Realty worth $7,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Covestor Ltd raised its holdings in shares of Terreno Realty by 7.2% in the first quarter. Covestor Ltd now owns 2,950 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 197 shares during the last quarter. Amalgamated Bank increased its position in Terreno Realty by 9.9% in the 2nd quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 284 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Terreno Realty by 1.1% in the third quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock worth $1,860,000 after acquiring an additional 300 shares during the last quarter. Creative Planning lifted its position in shares of Terreno Realty by 7.0% during the second quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 312 shares in the last quarter. Finally, Whittier Trust Co. grew its stake 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 valued at $40,000 after purchasing an additional 337 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Scotiabank reduced their price objective on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Barclays lowered their price objective on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Wedbush restated a “neutral” rating and set a $70.00 target price (up from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Finally, Mizuho reaffirmed an “underperform” rating and issued a $62.00 target price on shares of Terreno Realty in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.22.

Insiders Place Their Bets

In other Terreno Realty news, EVP John Tull Meyer sold 6,145 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.64, for a total value of $421,792.80. Following the completion of the sale, the executive vice president now directly owns 110,988 shares in the company, valued at $7,618,216.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Jaime Jackson Cannon sold 4,998 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $68.39, for a total value of $341,813.22. Following the sale, the chief financial officer now directly owns 101,927 shares of the company’s stock, valued at approximately $6,970,787.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Tull Meyer sold 6,145 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $7,618,216.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,643 shares of company stock worth $1,277,581. Corporate insiders own 2.10% of the company’s stock.

Terreno Realty Stock Up 0.0 %

Shares of NYSE TRNO opened at $60.69 on Wednesday. The firm has a 50 day moving average price of $65.77 and a 200 day moving average price of $62.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34. The stock has a market cap of $5.88 billion, a P/E ratio of 33.53, a P/E/G ratio of 2.80 and a beta of 0.90. Terreno Realty Co. has a 52-week low of $53.23 and a 52-week high of $71.63.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). The firm had revenue of $94.25 million during 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%. Analysts expect that Terreno Realty Co. will post 2.41 EPS for the current year.

About Terreno Realty

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.