Terreno Realty Corporation $TRNO Stock Position Lifted by BROOKFIELD Corp ON

BROOKFIELD Corp ON grew its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 1,446.3% during the first quarter, Holdings Channel.com reports. The firm owned 136,936 shares of the real estate investment trust’s stock after buying an additional 128,080 shares during the quarter. BROOKFIELD Corp ON’s holdings in Terreno Realty were worth $8,411,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in Terreno Realty by 246.6% in the first quarter. Principal Financial Group Inc. now owns 4,188,453 shares of the real estate investment trust’s stock worth $257,257,000 after purchasing an additional 2,979,982 shares during the period. Norges Bank acquired a new position in Terreno Realty during the fourth quarter worth about $168,221,000. Balyasny Asset Management L.P. raised its holdings in shares of Terreno Realty by 529.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 407,497 shares of the real estate investment trust’s stock worth $23,924,000 after purchasing an additional 342,740 shares in the last quarter. UBS Group AG increased its holdings in shares of Terreno Realty by 108.1% in the third quarter. UBS Group AG now owns 599,894 shares of the real estate investment trust’s stock valued at $34,044,000 after buying an additional 311,559 shares in the last quarter. Finally, Adelante Capital Management LLC acquired a new stake in shares of Terreno Realty during the third quarter worth $16,070,000.

Terreno Realty Stock Down 0.1%

TRNO stock opened at $72.63 on Monday. Terreno Realty Corporation has a 12-month low of $53.00 and a 12-month high of $78.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 17.76 and a beta of 1.05. The company has a 50 day moving average of $67.36 and a two-hundred day moving average of $64.99.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $122.60 million. On average, equities analysts anticipate that Terreno Realty Corporation will post 2.81 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TRNO shares. Weiss Ratings upgraded shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Piper Sandler raised their price objective on shares of Terreno Realty from $79.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Scotiabank lowered their price objective 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. Barclays lifted their price objective on shares of Terreno Realty from $60.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Finally, KeyCorp reissued an “overweight” rating on shares of Terreno Realty in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Terreno Realty has an average rating of “Moderate Buy” and an average price target of $71.71.

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.