Terreno Realty Corporation $TRNO Shares Sold by Strs Ohio

Strs Ohio decreased its position in Terreno Realty Corporation (NYSE:TRNO) by 24.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 273,800 shares of the real estate investment trust’s stock after selling 89,900 shares during the period. Strs Ohio owned about 0.26% of Terreno Realty worth $16,817,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in shares of Terreno Realty by 90.2% in the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 378 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Terreno Realty by 304.3% during the first 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 during the last quarter. EverSource Wealth Advisors LLC raised its position in Terreno Realty by 73.3% during the second 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 during the last quarter. First Trust Advisors LP lifted its holdings in shares of Terreno Realty by 78.9% in the second quarter. First Trust Advisors LP now owns 52,473 shares of the real estate investment trust’s stock valued at $2,942,000 after purchasing an additional 23,135 shares in the last quarter. Finally, Amundi grew its position in shares of Terreno Realty by 18.6% in the second quarter. Amundi now owns 67,020 shares of the real estate investment trust’s stock valued at $3,799,000 after purchasing an additional 10,525 shares during the last quarter.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $67.17 on Friday. The company has a market cap of $7.14 billion, a P/E ratio of 16.42 and a beta of 1.05. The business has a fifty day simple moving average of $65.64 and a 200-day simple moving average of $63.75. Terreno Realty Corporation has a 52 week low of $53.00 and a 52 week high of $67.83. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.36. The firm 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%. Equities research analysts forecast that Terreno Realty Corporation will post 2.8 EPS for the current year.

Terreno Realty Announces Dividend

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 of this dividend is Friday, June 26th. This represents a $2.08 annualized dividend and a dividend yield of 3.1%. Terreno Realty’s dividend payout ratio (DPR) is currently 50.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Raymond James Financial began coverage on shares of Terreno Realty in a research note on Wednesday, June 17th. They set an “underperform” rating for the company. UBS Group set a $68.00 target price on Terreno Realty in a report on Thursday, June 18th. Scotiabank dropped their price target on Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 18th. KeyCorp reissued an “overweight” rating on shares of Terreno Realty in a report on Tuesday, June 23rd. Finally, Wells Fargo & Company cut their price target on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a 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 company’s stock. According to MarketBeat.com, Terreno Realty has a consensus rating of “Moderate Buy” and a consensus target price 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.