Diversify Wealth Management LLC grew its position in Terreno Realty Corporation (NYSE:TRNO – Free Report) by 51.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 20,673 shares of the real estate investment trust’s stock after acquiring an additional 7,060 shares during the period. Diversify Wealth Management LLC’s holdings in Terreno Realty were worth $1,339,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in Terreno Realty by 4.0% in the second 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. Norges Bank bought a new position in Terreno Realty in the 4th quarter valued at approximately $168,221,000. Geode Capital Management LLC raised 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 buying an additional 17,921 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Terreno Realty by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,078,910 shares of the real estate investment trust’s stock worth $122,053,000 after buying an additional 72,909 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Terreno Realty by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,547,349 shares of the real estate investment trust’s stock worth $90,849,000 after buying an additional 31,018 shares during the period.
Analyst Ratings Changes
A number of equities research analysts have weighed in on TRNO shares. Robert W. Baird set a $69.00 target price on shares of Terreno Realty in a report on Friday, May 8th. Wells Fargo & Company cut their price target on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Weiss Ratings raised shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Raymond James Financial initiated coverage on shares of Terreno Realty in a research note on Wednesday, June 17th. They issued an “underperform” rating on the stock. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Terreno Realty in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.21.
Terreno Realty Trading Up 0.9%
NYSE:TRNO opened at $71.74 on Thursday. The firm’s fifty day moving average is $66.25 and its 200-day moving average is $64.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. Terreno Realty Corporation has a 52 week low of $53.00 and a 52 week high of $72.50. The firm has a market cap of $7.63 billion, a P/E ratio of 17.54 and a beta of 1.05.
Terreno Realty (NYSE:TRNO – Get Free Report) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.36. The business had revenue of $124.44 million during the quarter, compared to the consensus estimate of $122.60 million. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. Equities analysts expect that Terreno Realty Corporation will post 2.81 earnings per share for the current year.
Terreno Realty Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, June 26th. Terreno Realty’s dividend payout ratio (DPR) is presently 50.86%.
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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