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YOUR FRIENDS' ACTIVITY

    Snatch This Bargain Dividend Stock Even Cheaper Than CEO Baird Did

    By DividendChannel.com | Forbes – Fri, Nov 18, 2011

    There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 23, Terreno Realty Corp's CEO, W Blake Baird, invested $9,789.30 into 657 shares of TRNO, for a cost per share of $14.90. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

    Click here to find out which 9 other dividend bargains you can buy cheaper than insiders, at DividendChannel.com »

    In trading on Friday, bargain hunters could buy shares of Terreno Realty Corp (NYSE: TRNO) and achieve a cost basis 17.9% cheaper than Baird, with shares changing hands as low as $12.23 per share. It should be noted that Baird has collected $0.10/share in dividends since the time of their purchase, so they are currently down 17.2% on their purchase from a total return basis. Terreno Realty Corp shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of TRNO shares, versus its 200 day moving average:

    Looking at the chart above, TRNO's low point in its 52 week range is $11.69 per share, with $19.00 as the 52 week high point — that compares with a last trade of $12.52. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

    Purchased Insider Title Shares Price/Share Value
    08/11/2011 W Blake Baird CHAIRMAN AND CEO 5,000 $15.55 $77,740.00
    08/11/2011 Michael A Coke PRESIDENT AND CFO 10,000 $15.60 $155,994.09
    08/23/2011 W Blake Baird CHAIRMAN AND CEO 657 $14.90 $9,789.30

    The current annualized dividend paid by Terreno Realty Corp is $0.40/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 01/04/2012. Below is a long-term dividend history chart for TRNO, which can be of good help in judging whether the most recent dividend with approx. 3.2% annualized yield is likely to continue.

    TRNO operates in the Real Estate sector, among companies like ZipRealty Inc (NASD: ZIPR) which is down about 11.5% today, and NTS Realty Holdings Ltd Partnership (AMEX: NLP) trading lower by about 4.4%. Below is a three month price history chart comparing the stock performance of TRNO, versus ZIPR and NLP.

    Special Offer: Find out what Dave Moenning is holding in the ETF Channel Flexible Growth Investment Portfolio with a special 20% off coupon from Forbes and 30 Days Free.

     

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