Vanderbilt University Purchases 9,590 Shares of Terreno Realty Corporation $TRNO

Vanderbilt University grew its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 163.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,455 shares of the real estate investment trust’s stock after buying an additional 9,590 shares during the period. Vanderbilt University’s holdings in Terreno Realty were worth $949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised 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 valued at $50,000 after acquiring an additional 378 shares during the period. Geneos Wealth Management Inc. boosted its position in Terreno Realty by 304.3% during the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 350 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Terreno Realty by 73.3% in the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 189 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Terreno Realty by 78.9% in the second quarter. First Trust Advisors LP now owns 52,473 shares of the real estate investment trust’s stock worth $2,942,000 after purchasing an additional 23,135 shares in the last quarter. Finally, Amundi raised its position in shares of Terreno Realty by 18.6% in the second quarter. Amundi now owns 67,020 shares of the real estate investment trust’s stock valued at $3,799,000 after purchasing an additional 10,525 shares during the period.

Analysts Set New Price Targets

Several research analysts recently commented on TRNO shares. Robert W. Baird set a $69.00 price objective on shares of Terreno Realty in a report on Friday, May 8th. Raymond James Financial assumed coverage on shares of Terreno Realty in a research note on Wednesday, June 17th. They issued an “underperform” rating for the company. Wells Fargo & Company lowered 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 report on Monday, June 1st. KeyCorp restated an “overweight” rating on shares of Terreno Realty in a research report on Tuesday. Finally, Scotiabank cut their price target on Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating for the company in a 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.21.

Terreno Realty Trading Down 0.3%

Shares of Terreno Realty stock opened at $65.45 on Thursday. Terreno Realty Corporation has a 12-month low of $53.00 and a 12-month high of $67.83. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 16.00 and a beta of 1.05. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $65.67 and its 200-day moving average price is $63.55.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, equities analysts expect that Terreno Realty Corporation will post 2.8 earnings per share 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. Shareholders of record on Friday, June 26th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, June 26th. Terreno Realty’s dividend payout ratio (DPR) is presently 50.86%.

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.