Hsbc Holdings PLC raised its holdings in shares of Terreno Realty Corporation (NYSE:TRNO – Free Report) by 11.6% during the fourth quarter, Holdings Channel reports. The fund owned 267,387 shares of the real estate investment trust’s stock after buying an additional 27,740 shares during the period. Hsbc Holdings PLC’s holdings in Terreno Realty were worth $15,698,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in Terreno Realty by 90.2% in the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 378 shares during the period. Geneos Wealth Management Inc. boosted its position in Terreno Realty by 304.3% during the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 350 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Terreno Realty by 73.3% during the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 189 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Terreno Realty by 78.9% in the second quarter. First Trust Advisors LP now owns 52,473 shares of the real estate investment trust’s stock worth $2,942,000 after buying an additional 23,135 shares during the period. Finally, Amundi lifted its stake in shares of Terreno Realty by 18.6% in the 2nd quarter. Amundi now owns 67,020 shares of the real estate investment trust’s stock valued at $3,799,000 after acquiring an additional 10,525 shares during the last quarter.
Terreno Realty Stock Performance
Terreno Realty stock opened at $65.32 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $65.66 and a 200-day moving average of $63.57. The firm has a market cap of $6.94 billion, a P/E ratio of 15.97 and a beta of 1.05. Terreno Realty Corporation has a 1-year low of $53.00 and a 1-year high of $67.83.
Terreno Realty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $0.52 dividend. The ex-dividend date is Friday, June 26th. This represents a $2.08 annualized dividend and a yield of 3.2%. Terreno Realty’s dividend payout ratio (DPR) is 50.86%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on TRNO shares. KeyCorp restated an “overweight” rating on shares of Terreno Realty in a report on Tuesday. Robert W. Baird set a $69.00 price objective on Terreno Realty in a research report on Friday, May 8th. Wells Fargo & Company lowered their price objective on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Weiss Ratings raised Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Raymond James Financial assumed coverage on shares of Terreno Realty in a report on Wednesday, June 17th. They issued an “underperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.21.
Read Our Latest Stock Report on TRNO
Terreno Realty Company Profile
Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.
Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.
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