SG Americas Securities LLC Has $21.97 Million Holdings in Terreno Realty Corporation $TRNO

SG Americas Securities LLC boosted its holdings in Terreno Realty Corporation (NYSE:TRNO) by 18.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 357,735 shares of the real estate investment trust’s stock after acquiring an additional 56,887 shares during the quarter. SG Americas Securities LLC owned 0.34% of Terreno Realty worth $21,972,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its holdings in Terreno Realty by 4.0% during the 2nd quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock worth $336,139,000 after purchasing an additional 230,444 shares in the last quarter. Norges Bank bought a new stake in Terreno Realty during the fourth quarter worth $168,221,000. Geode Capital Management LLC grew its holdings in Terreno Realty by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,718,337 shares of the real estate investment trust’s stock worth $159,620,000 after buying an additional 17,921 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Terreno Realty by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,078,910 shares of the real estate investment trust’s stock valued at $122,053,000 after buying an additional 72,909 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Terreno Realty by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,547,349 shares of the real estate investment trust’s stock valued at $90,849,000 after buying an additional 31,018 shares during the last quarter.

Terreno Realty Trading Down 0.3%

NYSE TRNO opened at $65.45 on Thursday. The business’s fifty day moving average is $65.67 and its 200-day moving average is $63.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 16.00 and a beta of 1.05. Terreno Realty Corporation has a one year low of $53.00 and a one year high of $67.83.

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

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, June 26th. Terreno Realty’s dividend payout ratio is currently 50.86%.

Analyst Ratings Changes

A number of research firms have issued reports on TRNO. Weiss Ratings raised shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Robert W. Baird set a $69.00 target price on shares of Terreno Realty in a report on Friday, May 8th. UBS Group set a $68.00 price target on shares of Terreno Realty in a research report on Thursday, June 18th. Raymond James Financial started coverage on shares of Terreno Realty in a report on Wednesday, June 17th. They set an “underperform” rating on the stock. Finally, Scotiabank dropped their target price on shares of 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. One equities research 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 given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.