Diversify Wealth Management LLC Has $1.34 Million Position in Terreno Realty Corporation $TRNO

Diversify Wealth Management LLC raised its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 51.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,673 shares of the real estate investment trust’s stock after purchasing an additional 7,060 shares during the quarter. Diversify Wealth Management LLC’s holdings in Terreno Realty were worth $1,339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Terreno Realty in the fourth quarter valued at about $168,221,000. Balyasny Asset Management L.P. lifted its position in 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 worth $23,924,000 after acquiring an additional 342,740 shares during the last quarter. UBS Group AG boosted its holdings in shares of Terreno Realty by 108.1% during the third quarter. UBS Group AG now owns 599,894 shares of the real estate investment trust’s stock worth $34,044,000 after acquiring an additional 311,559 shares during the period. Adelante Capital Management LLC bought a new stake in shares of Terreno Realty during the third quarter worth approximately $16,070,000. Finally, State Street Corp grew 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 purchasing an additional 230,444 shares during the last quarter.

Terreno Realty Trading Up 0.9%

Shares of Terreno Realty stock opened at $71.74 on Thursday. 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 Corporation has a 12-month low of $53.00 and a 12-month high of $72.50. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 17.54 and a beta of 1.05. The firm’s 50-day moving average price is $66.25 and its two-hundred day moving average price is $64.28.

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. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. The company had revenue of $124.44 million during the quarter, compared to the consensus estimate of $122.60 million. On average, analysts forecast that Terreno Realty Corporation will post 2.81 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $2.08 annualized dividend and a yield of 2.9%. Terreno Realty’s dividend payout ratio (DPR) is 50.86%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TRNO. Wells Fargo & Company reduced their price target on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Scotiabank lowered their price objective on Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Weiss Ratings raised Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. KeyCorp reissued an “overweight” rating on shares of Terreno Realty in a research report on Tuesday, June 23rd. Finally, UBS Group set a $68.00 price target on shares of Terreno Realty in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty currently has a consensus rating of “Moderate Buy” and a consensus target price 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.