Castellan Group Takes $3.58 Million Position in Terreno Realty Corporation $TRNO

Castellan Group acquired a new position in shares of Terreno Realty Corporation (NYSE:TRNO) in the third quarter, Holdings Channel reports. The institutional investor acquired 63,043 shares of the real estate investment trust’s stock, valued at approximately $3,578,000. Terreno Realty comprises about 0.5% of Castellan Group’s portfolio, making the stock its 14th biggest position.

Several other institutional investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in Terreno Realty by 73.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 189 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Terreno Realty by 15.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 193 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Terreno Realty by 3.2% during the second quarter. Fifth Third Bancorp now owns 6,423 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 202 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Terreno Realty by 3.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,079 shares of the real estate investment trust’s stock worth $347,000 after buying an additional 208 shares during the last quarter. Finally, Profund Advisors LLC raised its stake in Terreno Realty by 4.6% during the second quarter. Profund Advisors LLC now owns 4,735 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 209 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have commented on TRNO shares. KeyCorp upped their price target on shares of Terreno Realty from $64.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Citigroup boosted their price target on Terreno Realty from $58.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Scotiabank upgraded shares of Terreno Realty from a “sector perform” rating to a “sector outperform” rating and set a $67.00 price objective for the company in a research note on Monday, November 10th. UBS Group set a $56.00 target price on shares of Terreno Realty in a research note on Thursday, December 4th. Finally, Cantor Fitzgerald set a $67.00 price target on shares of Terreno Realty in a research note on Monday. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $65.31.

Insider Buying and Selling

In other Terreno Realty news, EVP John Tull Meyer sold 4,758 shares of Terreno Realty stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $59.95, for a total transaction of $285,242.10. Following the transaction, the executive vice president owned 119,949 shares of the company’s stock, valued at $7,190,942.55. This trade represents a 3.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

Terreno Realty Stock Up 0.5%

Shares of NYSE:TRNO opened at $59.17 on Thursday. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.38 and a beta of 1.13. The business’s 50 day moving average is $60.58 and its 200 day moving average is $58.46. Terreno Realty Corporation has a 12-month low of $48.18 and a 12-month high of $69.20. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.34. The firm had revenue of $116.25 million for the quarter, compared to the consensus estimate of $114.62 million. Terreno Realty had a net margin of 72.41% and a return on equity of 8.27%. On average, sell-side analysts forecast that Terreno Realty Corporation will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Monday, December 15th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, December 15th. Terreno Realty’s dividend payout ratio is presently 66.03%.

About Terreno Realty

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.