Intech Investment Management LLC Lowers Holdings in Terreno Realty Corporation $TRNO

Intech Investment Management LLC trimmed its holdings in Terreno Realty Corporation (NYSE:TRNO) by 50.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 48,899 shares of the real estate investment trust’s stock after selling 49,271 shares during the period. Intech Investment Management LLC’s holdings in Terreno Realty were worth $2,871,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TRNO. EverSource Wealth Advisors LLC lifted its position in shares of Terreno Realty by 73.3% in the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 189 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Terreno Realty in the third quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Terreno Realty by 52.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 172 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Terreno Realty by 304.3% in the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 350 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Terreno Realty by 140.6% in the second quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 357 shares in the last quarter.

Terreno Realty Trading Up 0.5%

Shares of TRNO stock opened at $63.68 on Wednesday. Terreno Realty Corporation has a 1 year low of $53.00 and a 1 year 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 stock’s 50 day simple moving average is $64.69 and its two-hundred day simple moving average is $63.12. The company has a market cap of $6.77 billion, a PE ratio of 15.57 and a beta of 1.05.

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

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders 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 dividend on an annualized basis and a yield of 3.3%. Terreno Realty’s dividend payout ratio is 50.86%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. iA Financial set a $75.00 price objective on Terreno Realty in a research report on Friday, February 6th. Weiss Ratings raised Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Royal Bank Of Canada set a $72.00 target price on Terreno Realty in a report on Monday, February 9th. Wells Fargo & Company reduced their target price on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, KeyCorp lifted their target price on Terreno Realty from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.64.

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.