Squarepoint Ops LLC Has $1.84 Million Position in Terreno Realty Corporation $TRNO

Squarepoint Ops LLC increased its holdings in Terreno Realty Corporation (NYSE:TRNO) by 50.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 32,815 shares of the real estate investment trust’s stock after buying an additional 10,953 shares during the quarter. Squarepoint Ops LLC’s holdings in Terreno Realty were worth $1,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Terreno Realty by 73.3% during the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 189 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Terreno Realty by 304.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 350 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Terreno Realty by 90.2% during the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 378 shares during the period. CWM LLC boosted its stake in Terreno Realty by 26.5% in the 2nd quarter. CWM LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 245 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Terreno Realty by 15.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 193 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group increased their price objective on Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Piper Sandler raised shares of Terreno Realty from a “neutral” rating to an “overweight” rating and set a $75.00 target price on the stock in a report on Monday, November 10th. Citigroup increased their target price on shares of Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Terreno Realty in a report on Monday. Finally, UBS Group set a $56.00 price objective on shares of Terreno Realty in a research note on Thursday, December 4th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Terreno Realty has a consensus rating of “Hold” and an average price target of $65.54.

Insider Buying and Selling at Terreno Realty

In related news, EVP John Tull Meyer sold 4,758 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $59.95, for a total value of $285,242.10. Following the completion of the transaction, the executive vice president owned 119,949 shares in the company, valued at $7,190,942.55. The trade was a 3.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Terreno Realty Stock Performance

Terreno Realty stock opened at $60.62 on Friday. The stock has a 50-day simple moving average of $60.63 and a 200 day simple moving average of $58.33. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 2.42 and a beta of 1.12. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. Terreno Realty Corporation has a 12-month low of $48.18 and a 12-month high of $69.20.

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

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Monday, December 15th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. Terreno Realty’s dividend payout ratio (DPR) is currently 66.03%.

About Terreno Realty

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.