Terreno Realty (TRNO) president Coke sells $539,600 in stock

Published 15/08/2025, 02:08
Terreno Realty (TRNO) president Coke sells $539,600 in stock

Terreno Realty Corp (NYSE:TRNO) President Michael A. Coke sold 10,000 shares of common stock on August 14, 2025, at a price of $53.96, for a total transaction value of $539,600. The sale occurred with the stock trading near $54, giving the company a market capitalization of approximately $5.6 billion. According to InvestingPro analysis, TRNO currently shows a dividend yield of 3.8% and has maintained dividend payments for 15 consecutive years.

Following the transaction, Coke directly owns 412,415 shares of Terreno Realty Corp . He also indirectly owns 174,940 shares held in a Rabbi Trust. The company demonstrates solid financial health with a current ratio of 2.14, indicating strong liquidity. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, part of the platform’s coverage of 1,400+ US stocks.

In other recent news, Terreno Realty Corporation has completed the acquisition of a portfolio of nine industrial distribution buildings in Woodinville, Washington, for approximately $232.6 million. This acquisition adds about 720,000 square feet of industrial space to Terreno’s holdings, with properties currently 91% leased to 26 tenants. Additionally, Terreno Realty announced a 6.1% increase in its quarterly cash dividend, raising it to $0.52 per common share for the quarter ending September 30, 2025. The dividend is scheduled for payment on October 10 to stockholders of record as of September 29.

In a separate transaction, Terreno Realty has sold a portfolio of industrial properties in Doral, Florida, for approximately $82.3 million. The Florida properties include six buildings covering around 302,000 square feet and are 91% leased to 21 tenants. On the analyst front, Citizens JMP has reiterated a Market Outperform rating for Terreno Realty, highlighting the company’s strong quarterly performance. Meanwhile, Mizuho has adjusted its price target for Terreno Realty to $53.00, citing progress in leasing activities.

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