Allworth Financial LP Has $582,000 Stake in Terreno Realty Corporation $TRNO

Allworth Financial LP increased its stake in Terreno Realty Corporation (NYSE:TRNO) by 8,307.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,921 shares of the real estate investment trust’s stock after acquiring an additional 9,803 shares during the quarter. Allworth Financial LP’s holdings in Terreno Realty were worth $582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TRNO. UBS Group AG grew its holdings in Terreno Realty by 108.1% in the third quarter. UBS Group AG now owns 599,894 shares of the real estate investment trust’s stock worth $34,044,000 after purchasing an additional 311,559 shares during the period. Adelante Capital Management LLC acquired a new position in shares of Terreno Realty during the third quarter valued at about $16,070,000. State Street Corp boosted its position in shares of Terreno Realty by 4.0% during the 2nd quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock worth $336,139,000 after purchasing an additional 230,444 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Terreno Realty by 273.8% during the 4th quarter. SG Americas Securities LLC now owns 300,848 shares of the real estate investment trust’s stock worth $17,663,000 after purchasing an additional 220,365 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Terreno Realty by 31.3% in the 2nd quarter. Bank of America Corp DE now owns 812,348 shares of the real estate investment trust’s stock valued at $45,548,000 after buying an additional 193,555 shares during the period.

Analysts Set New Price Targets

TRNO has been the topic of a number of research reports. Royal Bank Of Canada set a $72.00 price target on Terreno Realty in a research note on Monday, February 9th. Robert W. Baird set a $69.00 price objective on Terreno Realty in a report on Friday, May 8th. UBS Group set a $72.00 target price on Terreno Realty in a research report on Monday, February 9th. Weiss Ratings upgraded Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Citizens Jmp lifted their price target on shares of Terreno Realty from $66.00 to $70.00 and gave the company a “market outperform” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Terreno Realty Stock Up 2.0%

TRNO opened at $66.15 on Thursday. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $67.55. The firm has a market capitalization of $7.03 billion, a P/E ratio of 16.17 and a beta of 1.06. The company’s 50-day moving average is $64.16 and its 200 day moving average is $62.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, beating the consensus estimate of $0.30 by $0.36. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. The firm had revenue of $124.44 million during the quarter, compared to analyst estimates of $122.60 million. Research analysts expect that Terreno Realty Corporation will post 2.79 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is 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.