Terreno Realty Corporation $TRNO Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,718,337 shares of the real estate investment trust’s stock after acquiring an additional 17,921 shares during the period. Geode Capital Management LLC owned about 2.61% of Terreno Realty worth $159,620,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake 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 worth $25,000 after acquiring an additional 189 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in Terreno Realty during the 3rd quarter worth about $25,000. Caitong International Asset Management Co. Ltd lifted its stake in Terreno Realty by 52.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 172 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Terreno Realty by 304.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 350 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Terreno Realty by 140.6% during the 2nd quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 357 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TRNO. Robert W. Baird set a $69.00 price target on Terreno Realty in a report on Friday, May 8th. Weiss Ratings upgraded Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. iA Financial set a $75.00 price target on Terreno Realty in a report on Friday, February 6th. Citizens Jmp upped their price target on Terreno Realty from $66.00 to $70.00 and gave the stock a “market outperform” rating in a report on Friday, February 6th. Finally, UBS Group set a $72.00 price target on Terreno Realty in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

Terreno Realty Price Performance

Shares of NYSE TRNO opened at $64.11 on Thursday. The stock’s 50-day moving average is $64.82 and its two-hundred day moving average is $63.16. 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 Corporation has a 1-year low of $53.00 and a 1-year high of $67.55. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 15.68 and a beta of 1.05.

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

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $0.52 dividend. The ex-dividend date is Friday, June 26th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. Terreno Realty’s dividend payout ratio is presently 50.86%.

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.