Terreno Realty Corporation $TRNO Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC lifted its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 15.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 107,464 shares of the real estate investment trust’s stock after acquiring an additional 14,131 shares during the period. Aptus Capital Advisors LLC’s holdings in Terreno Realty were worth $6,099,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in Terreno Realty by 73.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 189 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Terreno Realty by 15.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 193 shares in the last quarter. Phillips Wealth Planners LLC grew its stake in shares of Terreno Realty by 4.7% during the third quarter. Phillips Wealth Planners LLC now owns 4,681 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 208 shares in the last quarter. Profund Advisors LLC increased its position in shares of 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 acquiring an additional 209 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of Terreno Realty by 9.1% in the third quarter. Huntington National Bank now owns 2,923 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 244 shares in the last quarter.

Terreno Realty Stock Down 1.8%

Shares of Terreno Realty stock opened at $62.57 on Friday. The business has a 50-day moving average price of $62.84 and a 200 day moving average price of $60.64. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $69.20. The firm has a market cap of $6.52 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.49 and a beta of 1.12. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.68. The company had revenue of $137.48 million for the quarter, compared to the consensus estimate of $124.72 million. Terreno Realty had a return on equity of 10.08% and a net margin of 84.51%. On average, sell-side analysts forecast that Terreno Realty Corporation will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, March 27th. This represents a $2.08 annualized dividend and a yield of 3.3%. Terreno Realty’s dividend payout ratio (DPR) is 53.33%.

Analyst Upgrades and Downgrades

TRNO has been the subject of a number of analyst reports. KeyCorp increased their price target on Terreno Realty from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Scotiabank lifted their price objective on Terreno Realty from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Mizuho increased their target price on Terreno Realty from $53.00 to $56.00 and gave the company an “underperform” rating in a research note on Thursday, December 4th. Wells Fargo & Company raised their price target on shares of Terreno Realty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Finally, iA Financial set a $75.00 price target on shares of Terreno Realty in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

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.