Hsbc Holdings PLC Increases Holdings in Terreno Realty Corporation $TRNO

Hsbc Holdings PLC lifted its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 267,387 shares of the real estate investment trust’s stock after purchasing an additional 27,740 shares during the quarter. Hsbc Holdings PLC owned 0.26% of Terreno Realty worth $15,698,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Terreno Realty during the 4th quarter valued at about $168,221,000. Balyasny Asset Management L.P. increased its position in shares of Terreno Realty by 529.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 407,497 shares of the real estate investment trust’s stock valued at $23,924,000 after buying an additional 342,740 shares during the period. UBS Group AG lifted its holdings in shares of 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 buying an additional 311,559 shares in the last quarter. Adelante Capital Management LLC bought a new position in shares of Terreno Realty in the third quarter valued at approximately $16,070,000. Finally, State Street Corp boosted its position in shares of Terreno Realty by 4.0% in the second quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock valued at $336,139,000 after acquiring an additional 230,444 shares during the period.

Terreno Realty Trading Down 0.2%

Shares of TRNO opened at $65.32 on Friday. The firm’s 50 day simple moving average is $65.66 and its 200 day simple moving average is $63.57. The company has a market capitalization of $6.94 billion, a P/E ratio of 15.97 and a beta of 1.05. 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 $67.83.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.36. The business had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $122.60 million. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. Sell-side analysts forecast that Terreno Realty Corporation will post 2.8 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $0.52 dividend. The ex-dividend date is Friday, June 26th. This represents a $2.08 annualized dividend and a yield of 3.2%. Terreno Realty’s payout ratio is 50.86%.

Analyst Ratings Changes

A number of analysts recently weighed in on TRNO shares. Wells Fargo & Company decreased their target price on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Weiss Ratings upgraded shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Scotiabank decreased their price target on shares of Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. Raymond James Financial started coverage on Terreno Realty in a research report on Wednesday, June 17th. They issued an “underperform” rating on the stock. Finally, KeyCorp reissued an “overweight” rating on shares of Terreno Realty in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.21.

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.