Impax Asset Management Group plc Has $7.35 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

Impax Asset Management Group plc lessened its stake in Terreno Realty Co. (NYSE:TRNO) by 26.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor 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’s holdings in Terreno Realty were worth $7,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TRNO. Sei Investments Co. lifted its stake in Terreno Realty by 33.3% in the first quarter. Sei Investments Co. now owns 379,938 shares of the real estate investment trust’s stock valued at $25,228,000 after acquiring an additional 94,813 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Terreno Realty by 107.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 49,548 shares of the real estate investment trust’s stock worth $3,185,000 after buying an additional 25,683 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Terreno Realty by 10.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 133,856 shares of the real estate investment trust’s stock worth $8,888,000 after acquiring an additional 13,064 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Terreno Realty in the first quarter valued at about $3,450,000. Finally, Bessemer Group Inc. raised its holdings in Terreno Realty by 37.2% in the 1st quarter. Bessemer Group Inc. now owns 292,785 shares of the real estate investment trust’s stock valued at $19,441,000 after acquiring an additional 79,441 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Scotiabank lowered their price objective on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Wedbush reaffirmed a “neutral” rating and issued a $70.00 target price (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. JMP Securities upped their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 13th. Finally, The Goldman Sachs Group raised their price objective on Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Terreno Realty presently has a consensus rating of “Hold” and an average target price of $69.22.

Insider Buying and Selling

In other Terreno Realty news, President Michael A. Coke sold 7,500 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the completion of the sale, the president now owns 402,164 shares of the company’s stock, valued at approximately $27,560,298.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Terreno Realty news, President Michael A. Coke sold 7,500 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the sale, the president now owns 402,164 shares of the company’s stock, valued at approximately $27,560,298.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.39, for a total value of $341,813.22. Following the sale, the chief financial officer now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,643 shares of company stock valued at $1,277,581 over the last ninety days. 2.10% of the stock is owned by company insiders.

Terreno Realty Stock Performance

Shares of Terreno Realty stock opened at $60.69 on Wednesday. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 2.80 and a beta of 0.90. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24. Terreno Realty Co. has a twelve month low of $53.23 and a twelve month high of $71.63. The company’s fifty day moving average is $65.77 and its 200 day moving average is $62.67.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. The company had revenue of $94.25 million during the quarter, compared to the consensus estimate of $89.07 million. Sell-side analysts forecast that Terreno Realty Co. will post 2.41 EPS for the current year.

Terreno Realty 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.