Mutual of America Capital Management LLC Sells 11,182 Shares of Terreno Realty Corporation $TRNO

Mutual of America Capital Management LLC cut its holdings in Terreno Realty Corporation (NYSE:TRNO) by 10.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,678 shares of the real estate investment trust’s stock after selling 11,182 shares during the quarter. Mutual of America Capital Management LLC owned 0.09% of Terreno Realty worth $5,259,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TRNO. Jones Financial Companies Lllp lifted its position in Terreno Realty by 90.2% during the first quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 378 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Terreno Realty by 304.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 350 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Terreno Realty by 3.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,079 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 208 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Terreno Realty by 3.2% in the 2nd quarter. Fifth Third Bancorp now owns 6,423 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 202 shares during the last quarter. Finally, Truist Financial Corp grew its position in Terreno Realty by 3.0% in the second quarter. Truist Financial Corp now owns 19,948 shares of the real estate investment trust’s stock worth $1,119,000 after acquiring an additional 572 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TRNO shares. Piper Sandler upgraded Terreno Realty from a “neutral” rating to an “overweight” rating and set a $75.00 price objective on the stock in a research report on Monday, November 10th. KeyCorp reissued an “overweight” rating on shares of Terreno Realty in a research report on Wednesday, January 14th. Weiss Ratings upgraded Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 22nd. Robert W. Baird set a $64.00 price target on Terreno Realty and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Mizuho boosted their price objective on shares of Terreno Realty from $53.00 to $56.00 and gave the company an “underperform” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Terreno Realty currently has an average rating of “Moderate Buy” and an average target price of $66.00.

Insider Buying and Selling

In related news, EVP John Tull Meyer sold 4,758 shares of Terreno Realty stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $59.95, for a total transaction of $285,242.10. Following the completion of the sale, the executive vice president owned 119,949 shares in the company, valued at $7,190,942.55. This trade represents a 3.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Terreno Realty Trading Down 2.5%

Shares of NYSE TRNO opened at $59.96 on Thursday. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $69.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.47 and a beta of 1.13. The business’s 50 day moving average price is $61.01 and its 200-day moving average price is $58.89.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.34. Terreno Realty had a return on equity of 8.27% and a net margin of 72.41%.The company had revenue of $116.25 million during the quarter, compared to analysts’ expectations of $114.62 million. On average, sell-side analysts expect that Terreno Realty Corporation will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 15th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, December 15th. Terreno Realty’s dividend payout ratio (DPR) is currently 66.03%.

About Terreno Realty

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.