Sanctuary Advisors LLC bought a new stake in Terreno Realty Corporation (NYSE:TRNO – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 13,516 shares of the real estate investment trust’s stock, valued at approximately $875,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Terreno Realty during the second quarter worth about $1,213,726,000. State Street Corp lifted its holdings in shares of Terreno Realty by 4.0% in 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. boosted its position in shares of Terreno Realty by 246.6% in 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 period. Norges Bank acquired a new stake in shares of Terreno Realty in the 4th quarter valued at about $168,221,000. Finally, Geode Capital Management LLC grew its stake in Terreno Realty by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,718,337 shares of the real estate investment trust’s stock worth $159,620,000 after buying an additional 17,921 shares during the last quarter.
Insider Buying and Selling at Terreno Realty
In other Terreno Realty news, EVP John Tull Meyer sold 4,447 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $68.64, for a total transaction of $305,242.08. Following the completion of the transaction, the executive vice president owned 131,825 shares in the company, valued at approximately $9,048,468. This represents a 3.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael A. Coke sold 8,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $68.38, for a total transaction of $547,040.00. Following the completion of the sale, the president owned 425,381 shares of the company’s stock, valued at $29,087,552.78. This trade represents a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.90% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on TRNO
Terreno Realty Trading Down 0.8%
Shares of TRNO stock opened at $66.57 on Friday. The business’s 50 day moving average is $69.26 and its two-hundred day moving average is $66.32. Terreno Realty Corporation has a twelve month low of $55.71 and a twelve month high of $78.94. The company has a market capitalization of $7.25 billion, a P/E ratio of 17.85 and a beta of 1.03. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.22.
Terreno Realty (NYSE:TRNO – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.54 EPS for the quarter, topping the consensus estimate of $0.41 by $0.13. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%.The business had revenue of $124.71 million during the quarter, compared to analysts’ expectations of $127.15 million. Equities analysts forecast that Terreno Realty Corporation will post 2.82 EPS for the current year.
Terreno Realty Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders 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 represents a $2.28 annualized dividend and a yield of 3.4%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.52. Terreno Realty’s dividend payout ratio is presently 55.76%.
Terreno Realty 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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