Terreno Realty Corporation $TRNO Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 39.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,010 shares of the real estate investment trust’s stock after selling 11,086 shares during the quarter. Corient Private Wealth LLC’s holdings in Terreno Realty were worth $1,009,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Terreno Realty by 73.3% in 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 in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Terreno Realty in the 3rd quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Terreno Realty by 52.8% in 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 buying an additional 172 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Terreno Realty by 304.3% in the 1st 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 during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Terreno Realty in the 4th quarter valued at about $30,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TRNO shares. Weiss Ratings upgraded shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Raymond James Financial initiated coverage on shares of Terreno Realty in a research report on Wednesday, June 17th. They issued an “underperform” rating on the stock. KeyCorp reissued an “overweight” rating on shares of Terreno Realty in a research note on Tuesday, June 23rd. UBS Group set a $68.00 price objective on Terreno Realty in a research report on Thursday, June 18th. Finally, Scotiabank lowered their target price on Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Terreno Realty presently has an average rating of “Moderate Buy” and a consensus target price of $69.21.

Terreno Realty Trading Up 1.8%

Shares of TRNO opened at $67.17 on Friday. The stock has a fifty day moving average of $65.62 and a two-hundred day moving average of $63.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $7.14 billion, a PE ratio of 16.42 and a beta of 1.05. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $67.83.

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

Terreno Realty Announces Dividend

The business 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 dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, June 26th. Terreno Realty’s dividend payout ratio is presently 50.86%.

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.