Boston Trust Walden Corp Decreases Stock Holdings in Terreno Realty Corporation $TRNO

Boston Trust Walden Corp reduced its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 391,725 shares of the real estate investment trust’s stock after selling 56,240 shares during the period. Boston Trust Walden Corp owned 0.37% of Terreno Realty worth $24,060,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TRNO. DigitalBridge Group Inc. raised its holdings in shares of Terreno Realty by 29.0% in the 3rd quarter. DigitalBridge Group Inc. now owns 346,700 shares of the real estate investment trust’s stock valued at $18,649,000 after purchasing an additional 78,000 shares in the last quarter. Delphi Management Inc. MA purchased a new stake in Terreno Realty in the fourth quarter valued at approximately $1,238,000. Sage Rhino Capital LLC boosted its stake in Terreno Realty by 36.6% during the 4th quarter. Sage Rhino Capital LLC now owns 40,190 shares of the real estate investment trust’s stock worth $2,360,000 after purchasing an additional 10,777 shares during the period. Principal Financial Group Inc. boosted its stake in Terreno Realty by 7.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,208,471 shares of the real estate investment trust’s stock worth $70,950,000 after purchasing an additional 81,444 shares during the period. Finally, Phocas Financial Corp. grew its position in Terreno Realty by 53.8% during the 4th quarter. Phocas Financial Corp. now owns 180,452 shares of the real estate investment trust’s stock worth $10,594,000 after purchasing an additional 63,122 shares during the last quarter.

Terreno Realty Stock Down 0.2%

Terreno Realty stock opened at $67.17 on Friday. The stock’s 50 day moving average price is $65.64 and its 200 day moving average price is $63.75. Terreno Realty Corporation has a 1-year low of $53.00 and a 1-year high of $67.83. The company has a market cap of $7.14 billion, a PE ratio of 16.42 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 (NYSE:TRNO) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.36. The firm had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $122.60 million. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%. On average, sell-side analysts predict that Terreno Realty Corporation will post 2.8 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, June 26th. Terreno Realty’s dividend payout ratio (DPR) is currently 50.86%.

Analysts Set New Price Targets

A number of research firms have commented on TRNO. Raymond James Financial initiated coverage on shares of Terreno Realty in a research note on Wednesday, June 17th. They issued an “underperform” rating on the stock. KeyCorp reissued an “overweight” rating on shares of Terreno Realty in a report on Tuesday, June 23rd. Weiss Ratings upgraded Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. UBS Group set a $68.00 price objective on Terreno Realty in a research note on Thursday, June 18th. Finally, Wells Fargo & Company decreased their price objective on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Terreno Realty currently has an average rating of “Moderate Buy” and an average price target of $69.21.

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.