ProShare Advisors LLC Lowers Stock Position in Terreno Realty Corporation $TRNO

ProShare Advisors LLC trimmed its position in Terreno Realty Corporation (NYSE:TRNO) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,986 shares of the real estate investment trust’s stock after selling 9,550 shares during the period. ProShare Advisors LLC owned approximately 0.11% of Terreno Realty worth $6,751,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in shares of Terreno Realty by 108.1% in the 3rd 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 during the period. Adelante Capital Management LLC purchased a new stake in shares of Terreno Realty in the 3rd quarter worth about $16,070,000. State Street Corp boosted its position in shares of Terreno Realty by 4.0% in the 2nd 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 in the last quarter. SG Americas Securities LLC boosted its position in shares of Terreno Realty by 273.8% in the 4th quarter. SG Americas Securities LLC now owns 300,848 shares of the real estate investment trust’s stock worth $17,663,000 after buying an additional 220,365 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Terreno Realty by 31.3% in the 2nd quarter. Bank of America Corp DE now owns 812,348 shares of the real estate investment trust’s stock worth $45,548,000 after buying an additional 193,555 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TRNO shares. UBS Group set a $72.00 target price on shares of Terreno Realty in a report on Monday, February 9th. Scotiabank upped their price objective on shares of Terreno Realty from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday. Robert W. Baird set a $69.00 target price on shares of Terreno Realty in a research report on Friday, May 8th. iA Financial set a $75.00 target price on shares of Terreno Realty in a research report on Friday, February 6th. Finally, Piper Sandler increased their price objective on shares of Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.57.

Terreno Realty Stock Performance

Shares of TRNO opened at $66.03 on Friday. Terreno Realty Corporation has a 12-month low of $53.00 and a 12-month high of $67.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. The business’s fifty day moving average price is $64.29 and its 200 day moving average price is $62.83. The stock has a market capitalization of $7.02 billion, a PE ratio of 16.14 and a beta of 1.06.

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

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.08 annualized dividend and a yield of 3.2%. Terreno Realty’s dividend payout ratio (DPR) is currently 50.86%.

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.