Susquehanna International Group LLP Trims Stake in Terreno Realty Corporation $TRNO

Susquehanna International Group LLP cut its stake in shares of Terreno Realty Corporation (NYSE:TRNOFree Report) by 70.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,950 shares of the real estate investment trust’s stock after selling 26,691 shares during the period. Susquehanna International Group LLP’s holdings in Terreno Realty were worth $709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Terreno Realty by 21.8% in the first quarter. Bank of America Corp DE now owns 912,214 shares of the real estate investment trust’s stock valued at $56,028,000 after acquiring an additional 163,347 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Terreno Realty by 7.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,208,471 shares of the real estate investment trust’s stock worth $70,950,000 after purchasing an additional 81,444 shares in the last quarter. Sei Investments Co. raised its stake in Terreno Realty by 16.1% during the 1st quarter. Sei Investments Co. now owns 275,521 shares of the real estate investment trust’s stock valued at $16,923,000 after purchasing an additional 38,218 shares during the period. Bessemer Group Inc. lifted its holdings in Terreno Realty by 15.6% in the 4th quarter. Bessemer Group Inc. now owns 653,017 shares of the real estate investment trust’s stock worth $38,338,000 after purchasing an additional 88,322 shares in the last quarter. Finally, Strs Ohio grew its holdings in Terreno Realty by 27.0% during the 4th quarter. Strs Ohio now owns 363,700 shares of the real estate investment trust’s stock valued at $21,353,000 after buying an additional 77,400 shares in the last quarter.

Insider Activity at Terreno Realty

In other news, EVP John Tull Meyer sold 4,447 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 131,825 shares in the company, valued at approximately $9,048,468. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael A. Coke sold 8,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $68.38, for a total value of $547,040.00. Following the completion of the transaction, the president directly owned 425,381 shares of the company’s stock, valued at approximately $29,087,552.78. The trade was a 1.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by corporate insiders.

Terreno Realty Stock Down 0.7%

Shares of NYSE:TRNO opened at $66.14 on Tuesday. The business has a 50 day simple moving average of $69.28 and a two-hundred day simple moving average of $66.32. The firm has a market capitalization of $7.21 billion, a PE ratio of 17.73 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. Terreno Realty Corporation has a 1 year low of $55.71 and a 1 year high of $78.94.

Terreno Realty (NYSE:TRNOGet Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. The business had revenue of $124.71 million during the quarter, compared to the consensus estimate of $127.15 million. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%. On average, equities analysts predict that Terreno Realty Corporation will post 2.82 EPS for the current year.

Terreno Realty Increases Dividend

The firm also recently disclosed 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. This represents a $2.28 dividend on an annualized basis and a yield of 3.4%. This is a boost from Terreno Realty’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Wednesday, September 30th. Terreno Realty’s payout ratio is currently 55.76%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TRNO. 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. Piper Sandler lifted their price target on shares of Terreno Realty from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. KeyCorp boosted their price target on shares of Terreno Realty from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Mizuho increased their price objective on shares of Terreno Realty from $56.00 to $60.00 and gave the company an “underperform” rating in a report on Wednesday, August 19th. Finally, Barclays raised their price objective on Terreno Realty from $60.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $72.86.

Get Our Latest Analysis on TRNO

Terreno Realty Profile

(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.

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Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

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