Chevy Chase Trust Holdings LLC Sells 146,006 Shares of Terreno Realty Corporation $TRNO

Chevy Chase Trust Holdings LLC trimmed its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 23.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 475,950 shares of the real estate investment trust’s stock after selling 146,006 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.46% of Terreno Realty worth $27,010,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TRNO. Bamco Inc. NY grew its position in Terreno Realty by 11.9% during the third quarter. Bamco Inc. NY now owns 67,525 shares of the real estate investment trust’s stock valued at $3,832,000 after acquiring an additional 7,172 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Terreno Realty by 8.0% in the 3rd quarter. California Public Employees Retirement System now owns 181,332 shares of the real estate investment trust’s stock worth $10,291,000 after acquiring an additional 13,386 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Terreno Realty by 10.4% in the 3rd quarter. Bank of America Corp DE now owns 896,653 shares of the real estate investment trust’s stock valued at $50,885,000 after purchasing an additional 84,305 shares in the last quarter. Boothbay Fund Management LLC bought a new position in shares of Terreno Realty during the 3rd quarter valued at $214,000. Finally, Creative Planning grew its holdings in shares of Terreno Realty by 63.6% during the 3rd quarter. Creative Planning now owns 8,005 shares of the real estate investment trust’s stock valued at $454,000 after purchasing an additional 3,113 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Cantor Fitzgerald boosted their price target on shares of Terreno Realty from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Scotiabank raised their price objective on Terreno Realty from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. iA Financial set a $75.00 price objective on Terreno Realty in a report on Friday, February 6th. Piper Sandler boosted their target price on Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Finally, Weiss Ratings upgraded Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.36.

Terreno Realty Stock Up 1.3%

NYSE TRNO opened at $63.00 on Tuesday. Terreno Realty Corporation has a 1 year low of $48.18 and a 1 year high of $67.70. The stock has a market capitalization of $6.56 billion, a PE ratio of 16.15, a PEG ratio of 2.48 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32. The business’s 50-day moving average is $63.26 and its 200 day moving average is $60.91.

Terreno Realty (NYSE:TRNO) last released its quarterly 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. Terreno Realty had a return on equity of 10.08% and a net margin of 84.51%.The business had revenue of $137.48 million during the quarter, compared to analyst estimates of $124.72 million. Sell-side analysts forecast that Terreno Realty Corporation will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

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

Terreno Realty 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.