SG Americas Securities LLC Buys 220,365 Shares of Terreno Realty Corporation $TRNO

SG Americas Securities LLC lifted its position in Terreno Realty Corporation (NYSE:TRNO) by 273.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 300,848 shares of the real estate investment trust’s stock after purchasing an additional 220,365 shares during the quarter. SG Americas Securities LLC’s holdings in Terreno Realty were worth $17,663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TRNO. Jones Financial Companies Lllp increased its stake in 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. lifted its position in shares of Terreno Realty by 304.3% in the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 350 shares in the last quarter. Swiss National Bank boosted its stake in shares of Terreno Realty by 1.8% in the second quarter. Swiss National Bank now owns 196,700 shares of the real estate investment trust’s stock worth $11,029,000 after acquiring an additional 3,500 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Terreno Realty by 0.6% in the second quarter. JPMorgan Chase & Co. now owns 1,093,375 shares of the real estate investment trust’s stock worth $61,306,000 after acquiring an additional 6,994 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Terreno Realty by 7.2% during the second quarter. Rhumbline Advisers now owns 353,968 shares of the real estate investment trust’s stock worth $19,847,000 after purchasing an additional 23,709 shares in the last quarter.

Terreno Realty Stock Performance

NYSE TRNO opened at $60.68 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $66.74. The business has a 50 day simple moving average of $63.52 and a two-hundred day simple moving average of $61.10. The stock has a market capitalization of $6.45 billion, a PE ratio of 15.56 and a beta of 1.12.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $1.53 EPS for the quarter, beating the consensus estimate of $0.85 by $0.68. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. The business had revenue of $137.48 million during the quarter, compared to analyst estimates of $124.72 million. On average, research analysts predict that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, March 27th. Terreno Realty’s dividend payout ratio is presently 53.33%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TRNO. Citizens Jmp lifted their target price on Terreno Realty from $66.00 to $70.00 and gave the company a “market outperform” rating in a research note on Friday, February 6th. Scotiabank upped their price target on Terreno Realty from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Piper Sandler increased their price objective on shares of Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Cantor Fitzgerald lifted their price objective on shares of Terreno Realty from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Citigroup boosted their target price on shares of Terreno Realty from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Terreno Realty has an average rating of “Moderate Buy” and an average target price of $69.36.

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.