M&T Bank Corp Buys 9,838 Shares of Terreno Realty Corporation $TRNO

M&T Bank Corp lifted its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 88.2% during the 4th quarter, HoldingsChannel reports. The firm owned 20,991 shares of the real estate investment trust’s stock after acquiring an additional 9,838 shares during the period. M&T Bank Corp’s holdings in Terreno Realty were worth $1,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pictet Asset Management Holding SA grew its holdings in shares of Terreno Realty by 5.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 14,522 shares of the real estate investment trust’s stock valued at $853,000 after purchasing an additional 808 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Terreno Realty by 95.8% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 106,766 shares of the real estate investment trust’s stock valued at $6,268,000 after purchasing an additional 52,230 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Terreno Realty by 6.9% during the 4th quarter. Evergreen Capital Management LLC now owns 6,595 shares of the real estate investment trust’s stock valued at $390,000 after purchasing an additional 423 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Terreno Realty by 4.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,209 shares of the real estate investment trust’s stock valued at $4,239,000 after purchasing an additional 2,937 shares during the last quarter. Finally, First Horizon Corp grew its holdings in shares of Terreno Realty by 41.5% during the 4th quarter. First Horizon Corp now owns 651 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 191 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TRNO shares. Weiss Ratings raised shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Citigroup lifted their price target on shares of Terreno Realty from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Citizens Jmp lifted their price target on shares of Terreno Realty from $66.00 to $70.00 and gave the company a “market outperform” rating in a report on Friday, February 6th. Barclays reaffirmed a “positive” rating and set a $60.00 price target on shares of Terreno Realty in a report on Tuesday, January 13th. Finally, KeyCorp lifted their target price on shares of Terreno Realty from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.50.

Terreno Realty Stock Down 0.6%

NYSE:TRNO opened at $66.17 on Friday. The firm’s 50 day simple moving average is $64.01 and its 200 day simple moving average is $62.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.32. Terreno Realty Corporation has a one year low of $53.00 and a one year high of $67.55. The company has a market cap of $7.03 billion, a PE ratio of 16.97 and a beta of 1.06.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, topping the consensus estimate of $0.30 by $0.36. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. The business had revenue of $124.44 million for the quarter, compared to the consensus estimate of $122.60 million. On average, research analysts anticipate that Terreno Realty Corporation will post 2.79 earnings per share for the current year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $0.52 per share. The ex-dividend date is Friday, June 26th. This represents a $2.08 annualized dividend and a yield of 3.1%. Terreno Realty’s dividend payout ratio (DPR) is currently 53.33%.

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.