Terreno Realty Corporation $TRNO Shares Sold by UBS Group AG

UBS Group AG trimmed its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 12.7% in the fourth quarter, Holdings Channel reports. The fund owned 523,664 shares of the real estate investment trust’s stock after selling 76,230 shares during the period. UBS Group AG’s holdings in Terreno Realty were worth $30,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. State Street Corp raised its stake in shares of 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 buying an additional 230,444 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Terreno Realty by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,516,331 shares of the real estate investment trust’s stock worth $86,051,000 after buying an additional 19,222 shares in the last quarter. Tandem Investment Advisors Inc. raised its stake in shares of Terreno Realty by 0.7% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 1,418,870 shares of the real estate investment trust’s stock worth $80,521,000 after buying an additional 10,024 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Terreno Realty by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,252,479 shares of the real estate investment trust’s stock worth $71,078,000 after buying an additional 159,104 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Terreno Realty by 4.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,181,288 shares of the real estate investment trust’s stock worth $67,038,000 after buying an additional 53,380 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TRNO shares. Citigroup increased their target price on Terreno Realty from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Piper Sandler increased their target price on Terreno Realty from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. iA Financial set a $75.00 target price on Terreno Realty in a research note on Friday, February 6th. Barclays reissued a “positive” rating and set a $60.00 target price on shares of Terreno Realty in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada set a $72.00 target price on Terreno Realty in a research note on Monday, February 9th. 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 one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.50.

Terreno Realty Stock Performance

TRNO opened at $66.17 on Friday. The stock has a market cap of $7.03 billion, a P/E ratio of 16.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.32. The stock’s 50 day simple moving average is $64.01 and its 200 day simple moving average is $62.42. Terreno Realty Corporation has a 1-year low of $53.00 and a 1-year high of $67.55.

Terreno Realty (NYSE:TRNO) last released 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. The business had revenue of $124.44 million for the quarter, compared to analysts’ expectations of $122.60 million. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%. As a group, equities analysts anticipate that Terreno Realty Corporation will post 2.79 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $0.52 dividend. The ex-dividend date is Friday, June 26th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.1%. Terreno Realty’s dividend payout ratio is currently 53.33%.

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.