Centiva Capital LP Trims Holdings in Terreno Realty Corporation $TRNO

Centiva Capital LP decreased its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 75.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,361 shares of the real estate investment trust’s stock after selling 19,144 shares during the period. Centiva Capital LP’s holdings in Terreno Realty were worth $361,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of Terreno Realty by 73.3% during the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 189 shares during the period. Mather Group LLC. purchased a new stake in Terreno Realty in the third quarter worth $25,000. First Horizon Corp purchased a new stake in Terreno Realty in the third quarter worth $26,000. Geneos Wealth Management Inc. boosted its holdings in Terreno Realty by 304.3% in the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 350 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Terreno Realty by 140.6% in the second quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 357 shares in the last quarter.

Analyst Ratings Changes

TRNO has been the subject of several research reports. Wells Fargo & Company upped their price objective on shares of Terreno Realty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Royal Bank Of Canada set a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 9th. Piper Sandler boosted their price target on shares of Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Citigroup increased their price target on shares of Terreno Realty from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Finally, Mizuho raised their price objective on shares of Terreno Realty from $53.00 to $56.00 and gave the stock an “underperform” rating in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.36.

Terreno Realty Stock Performance

Shares of Terreno Realty stock opened at $63.00 on Tuesday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.56 billion, a P/E ratio of 16.15, a P/E/G ratio of 2.48 and a beta of 1.12. The business has a fifty day simple moving average of $63.26 and a two-hundred day simple moving average of $60.91. Terreno Realty Corporation has a 12 month low of $48.18 and a 12 month high of $67.70.

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

Terreno Realty Announces Dividend

The firm 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 of this dividend is Friday, March 27th. This represents a $2.08 annualized dividend and a yield of 3.3%. Terreno Realty’s payout ratio is presently 53.33%.

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.