Osterweis Capital Management Inc. Buys Shares of 508,667 Terreno Realty Corporation $TRNO

Posted by George Bondi on Aug 25th, 2026

Osterweis Capital Management Inc. purchased a new position in Terreno Realty Corporation (NYSE:TRNO – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 508,667 shares of the real estate investment trust’s stock, valued at approximately $32,946,000. Terreno Realty makes up 1.6% of Osterweis Capital Management Inc.’s investment portfolio, making the stock its 21st largest holding.

A number of other large investors also recently modified their holdings of TRNO. BlackRock Inc. acquired a new stake in shares of Terreno Realty in the second quarter worth $1,213,726,000. State Street Corp raised its stake in Terreno Realty by 4.0% during the 2nd quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock valued at $336,139,000 after purchasing an additional 230,444 shares during the last quarter. Principal Financial Group Inc. raised its stake in Terreno Realty by 246.6% during the 1st quarter. Principal Financial Group Inc. now owns 4,188,453 shares of the real estate investment trust’s stock valued at $257,257,000 after purchasing an additional 2,979,982 shares during the last quarter. Norges Bank bought a new stake in Terreno Realty in the 4th quarter valued at $168,221,000. Finally, Geode Capital Management LLC boosted its holdings in Terreno Realty by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,718,337 shares of the real estate investment trust’s stock valued at $159,620,000 after purchasing an additional 17,921 shares during the period.

Terreno Realty Trading Up 1.0%

Shares of Terreno Realty stock opened at $68.88 on Tuesday. The firm has a market capitalization of $7.51 billion, a PE ratio of 18.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.43 and a quick ratio of 0.43. The company’s fifty day moving average price is $69.04 and its two-hundred day moving average price is $66.26. Terreno Realty Corporation has a 52-week low of $55.71 and a 52-week high of $78.94.

Terreno Realty (NYSE:TRNO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. The company had revenue of $124.71 million during the quarter, compared to analysts’ expectations of $127.15 million. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. On average, analysts expect that Terreno Realty Corporation will post 2.82 EPS for the current year.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This is an increase from Terreno Realty’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a yield of 3.3%. Terreno Realty’s payout ratio is presently 55.76%.

Wall Street Analysts Forecast Growth

TRNO has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Terreno Realty from $60.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Cantor Fitzgerald lifted their target price on Terreno Realty from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Wells Fargo & Company lowered their price target on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Scotiabank upped their price target on Terreno Realty from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Terreno Realty in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.86.

View Our Latest Report on Terreno Realty

Insider Activity

In other Terreno Realty news, EVP John Tull Meyer sold 4,447 shares of Terreno Realty stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $68.64, for a total transaction of $305,242.08. Following the sale, the executive vice president directly owned 131,825 shares of the company’s stock, valued at approximately $9,048,468. The trade was a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael A. Coke sold 8,000 shares of Terreno Realty stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $68.38, for a total value of $547,040.00. Following the sale, the president directly owned 425,381 shares in the company, valued at $29,087,552.78. The trade was a 1.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.90% of the company’s stock.

About Terreno Realty

(Free Report)

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.