Capital Square LLC Buys Shares of 17,607 Terreno Realty Corporation $TRNO

Capital Square LLC purchased a new stake in Terreno Realty Corporation (NYSE:TRNO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,607 shares of the real estate investment trust’s stock, valued at approximately $1,222,000.

A number of other institutional investors have also made changes to their positions in TRNO. BlackRock Inc. bought a new stake in Terreno Realty in the second quarter valued at about $1,213,726,000. State Street Corp boosted its holdings in Terreno Realty by 4.0% during the second 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 during the last quarter. Principal Financial Group Inc. grew its position in shares of Terreno Realty by 246.6% during the 1st quarter. Principal Financial Group Inc. now owns 4,188,453 shares of the real estate investment trust’s stock worth $257,257,000 after buying an additional 2,979,982 shares during the period. Norges Bank acquired a new position in shares of Terreno Realty during the 4th quarter worth about $168,221,000. Finally, Geode Capital Management LLC increased its stake in shares of Terreno Realty by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,718,337 shares of the real estate investment trust’s stock valued at $159,620,000 after acquiring an additional 17,921 shares during the last quarter.

Insider Transactions at Terreno Realty

In related news, EVP John Tull Meyer sold 4,447 shares of Terreno Realty stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $68.64, for a total value of $305,242.08. Following the sale, the executive vice president owned 131,825 shares of the company’s stock, valued at approximately $9,048,468. This trade represents a 3.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael A. Coke sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $68.38, for a total value of $547,040.00. Following the completion of the sale, the president owned 425,381 shares in the company, valued at $29,087,552.78. The trade was a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group set a $68.00 price objective on shares of Terreno Realty in a research note on Thursday, June 18th. Wells Fargo & Company lowered their target price on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. The Goldman Sachs Group lifted their price target on shares of Terreno Realty from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Scotiabank boosted their price target on shares of Terreno Realty from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Cantor Fitzgerald upped their price objective on shares of Terreno Realty from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.86.

Terreno Realty Stock Up 0.1%

Terreno Realty stock opened at $68.21 on Monday. The stock has a market capitalization of $7.43 billion, a PE ratio of 18.29 and a beta of 1.03. Terreno Realty Corporation has a twelve month low of $55.70 and a twelve month high of $78.94. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $69.00 and a 200-day moving average of $66.22.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. The business had revenue of $124.71 million for the quarter, compared to analyst estimates of $127.15 million. On average, equities research analysts anticipate that Terreno Realty Corporation will post 2.82 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.57 per share. The ex-dividend date is Wednesday, September 30th. This is a boost from Terreno Realty’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. Terreno Realty’s dividend payout ratio is 55.76%.

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.