Hsbc Holdings PLC Increases Stock Holdings in Terreno Realty Corporation $TRNO

Hsbc Holdings PLC boosted its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,387 shares of the real estate investment trust’s stock after purchasing an additional 27,740 shares during the period. Hsbc Holdings PLC owned approximately 0.26% of Terreno Realty worth $15,698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TRNO. Rockefeller Capital Management L.P. lifted its holdings in Terreno Realty by 12.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 12,513 shares of the real estate investment trust’s stock valued at $735,000 after acquiring an additional 1,404 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Terreno Realty by 125.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,122 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 624 shares during the last quarter. Empowered Funds LLC acquired a new stake in Terreno Realty during the fourth quarter worth $190,000. Utah Retirement Systems purchased a new stake in Terreno Realty in the fourth quarter valued at $438,000. Finally, Wellington Management Group LLP raised its position in Terreno Realty by 9.0% in the fourth quarter. Wellington Management Group LLP now owns 780,705 shares of the real estate investment trust’s stock valued at $45,835,000 after purchasing an additional 64,607 shares during the period.

Terreno Realty Trading Up 0.6%

NYSE TRNO opened at $68.81 on Wednesday. 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 firm has a market cap of $7.31 billion, a price-to-earnings ratio of 16.82 and a beta of 1.05. The firm has a 50 day simple moving average of $65.75 and a 200-day simple moving average of $63.88. Terreno Realty Corporation has a one year low of $53.00 and a one year high of $69.47.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.36. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. The firm had revenue of $124.44 million for the quarter, compared to the consensus estimate of $122.60 million. Equities research analysts anticipate that Terreno Realty Corporation will post 2.8 EPS for the current fiscal 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 paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, June 26th. Terreno Realty’s dividend payout ratio (DPR) is presently 50.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings upgraded Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Scotiabank reduced their price objective 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. 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 research report on Monday, June 1st. UBS Group set a $68.00 target price on shares of Terreno Realty in a research note on Thursday, June 18th. Finally, Robert W. Baird set a $69.00 price target on shares of Terreno Realty in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.